17 Minchew Rd, Axson, GA 31624-6220
- Commercial land
- 1,332 SF
- 0.52 lot acres
Current Use by Public Records
- Dollar General / Discount Store
Property Details for 17 Minchew Rd
- Year built
- 1900
- Lot size
- 0.52 lot acres
- Property type
- Commercial land
- APN
- 0050A-029
- APU
- 0050A029
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 13, 2022 | $190,000 | Teramore Development LLC | Winston D Gourley | Warranty Deed | $1.3M · Guardian Bank |
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640-square-foot Dollar General store in Axson, Georgia. Built in 2024, this single-story building sits on a one-acre lot with 35 parking spaces and enjoys a highly visible corner location on Minchew Road and Highway 85, a road with 4,831 cars per day. The property boasts a 15-year absolute NNN lease (commencing January 29, 2023, and expiring January 31, 2038), leaving zero landlord responsibilities. The lease includes five 5-year renewal options, each with a 10% rent increase. Dollar General, an investment-grade tenant with a "BBB" credit rating, provides a corporate guarantee. The current net operating income (NOI) is $110,472, yielding a 7.00% cap rate at the asking price of $1,578,171 ($148.32/sq ft). The property's strong location is supported by a three-mile average household income of $57,020 and a ten-mile population of 6,896. This is a prime opportunity for a 1031 exchange or passive investor seeking a secure, high-return retail investment with a financially sound, nationally recognized tenant. The property is zoned commercial.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Axson
- County
- Atkinson
- State
- Georgia
- Longitude
- -82.7345
- Latitude
- 31.2775
- CBSA code
- 20060
- CBSA name
- DOUGLAS, GA MICROPOLITAN STATISTICAL AREA
