2240 Edgmont Ave Chester, PA 19013

Two single-tenant properties are available in Chester, Pennsylvania, approximately 10 miles southwest of Philadelphia. The properties are leased to Dollar Magic and Carter's Open Arms Child Care Center. Both tenants operate on fee simple NNN leases with limited landlord responsibility. Dollar Magic has 6.5 years of lease term remaining, with an annual NOI of $87,266, which is $10.15 per square foot. Carter's Open Arms Child Care Center has under 2 years of lease term remaining and pays $72,000 annually, which is $15.65 per square foot. The properties are located along Edgmont Avenue, which has 13,800 vehicles per day, and 23rd Street. They are approximately 2 miles north of the Commodore Barry Bridge, linking Chester to New Jersey, and less than one mile from the on-ramp to Interstate 95, which has traffic counts of around 205,000 vehicles per day. They are also just over one mile from Interstate 476, which carries roughly 82,200 vehicles per day. The properties are within a fifteen-minute walk of Widener University, a private institution with an enrollment of approximately 6,300 students. The surrounding area has approximately 222,000 residents and 87,000 households within a five-mile radius, supported by an average household income of $114,000 within five miles and $102,000 within three miles. The total property size is 13,200 square feet.