17 Minchew Rd - Retail FOR SALE


Axson, GA 31624
$1,578,171 USD
734-755-6359
17 Minchew Rd, Axson, GA for Sale
$1,578,171 USD
Retail - FOR SALE
1/4
null | 7% Cap Rate

17 Minchew Rd
Axson, GA 31624


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • Corner Location | Easy Access to Highway 82
  • 2023 BTS Construction | Upgraded Storefront
  • 4,831 Cars Per Day on Highway 82
  • Limited Competition Area | Nearest Dollar Store Over 7 Miles Away
  • Three Mile Household Income $57,020

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. upgraded Dollar General store located in Axson, Georgia. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 Year) Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has finished construction and successfully opened in late January 2023. This Dollar General is highly visible as it is strategically positioned on the corner of Minchew Road and Highway 85 which sees 4,831 cars per day. The ten mile population from the site is 6,896 while the three mile average household income is $57,020 per year, making this location ideal for a Dollar General. This area is also seeing an increase in population growth. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.00% cap rate based on the NOI of $110,472. Instate Broker of Record: Brian Brockman | Bang Realty

FOR SALE DETAILS

PRICE

$1,578,171 USD

PRICE/SF

$148 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

0050A031

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.