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    1600 Edgmont Ave Chester, PA 19013

    Sponsored
    For Sale
    $1,533,000

    High-traffic Chester, PA location, strong tenant.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 1600 Edgmont Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built/Renovated
    1995/2020
    Buildings
    1
    Stories
    1

    HighLights

    • 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).
    • High‑traffic interstate proximity: Less than ½ mile from I‑95 on‑ramp (205,000 VPD).
    • Proximity to Widener University: Five‑minute walk from Widener University (6,300 students).
    • High‑performing retail peers: Surrounding retailers (Wawa, CVS, Walgreens) rank in the top 95th‑97th percentile nationally and in Pennsylvania.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Osinakachi E. Egbukwu, ... Pharmacy Tien Nguyen, Pharm Pharmacy higi Health Consultant Dollar General Dollar Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.362814762129
    Latitude
    39.860437645813

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Chester, PA location, strong tenant.
    Where is this individual retail property 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).
    Request Owner's contact information
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    Chester, PA 19013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Edgmont Ave Chester, PA 19013
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