1600 Edgmont Ave Chester, PA 19013
Call to check price and availability
High-traffic Chester, PA location, strong tenant.
Property size:
10,000 SFProperty Features for 1600 Edgmont Ave
General Information
- Property type
- Grocery and convenience stores
- Square Feet
- 10,000 SF
- Lot Size
- 87,120 SF
Building Details
- Year Built/Renovated
- 1995/2020
- Buildings
- 1
- Stories
- 1
Listing Agency: Forged Real Estate Listing Agent: James Yi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple interest in a 10,000 square foot Dollar General convenience store located at 1600 Edgmont Ave, Chester, PA 19013. The property sits on a 2-acre lot and benefits from a highly visible corner location with 13,800 vehicles passing daily. The single-story building, constructed in 1995 and renovated in 2020, is currently 100% occupied under a corporate-guaranteed, net-lease agreement with Dollar General Corporation (S&P: BBB rating). The lease, with a remaining term of 6.3 years, includes three five-year renewal options, each with a 5.22% rent increase. The current annual net operating income (NOI) is $115,000, representing a 7.50% cap rate and a price per square foot of $153.30. The property's prime location within the Philadelphia MSA, less than half a mile from I-95 (205,000 VPD) and a five-minute walk from Widener University (6,300 students), contributes to its strong performance. The surrounding area boasts high-performing national retailers and excellent demographics, including a population exceeding 217,000 within a 5-mile radius and an average household income of $112,000. This investment offers a compelling combination of a strong tenant, a prime location, and significant upside potential. The asking price is $1,533,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cardtronics ATM
Atm
Osinakachi E. Egbukwu, ...
Pharmacy
Tien Nguyen, Pharm
Pharmacy
higi
Physician
Dollar General
Discount Store
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.362814762129
- Latitude
- 39.860437645813
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - High-traffic Chester, PA location, strong tenant.
Where is this grocery and convenience store located?
The property is located at 1600 Edgmont Ave Chester, PA.
What is the asking price?
The asking price for this property is $1,533,000.
What are key features of this property?
This property features: Prime Philadelphia MSA location: Corner lot in Chester, PA, 10 miles southwest of Philadelphia, near Commodore Barry Bridge and I-95 (205,000 VPD), high traffic intersection (13,800 VPD).; Corporate guarantee: Dollar General Corporation guarantees the NN lease; 6.5+ years remaining, 5.22% rent increase in next option.; Investment-grade credit tenant: S&P: BBB rated Dollar General Corp. (NYSE: DG).
