1600 Edgmont Ave Chester, PA 19013

This single-tenant property, leased to Dollar General, is located in Chester, Pennsylvania, approximately 10 miles southwest of Philadelphia. The property benefits from a corporate-guaranteed, double-net (NN) lease with over 5.5 years of term remaining and a 5.22% rental increase in the next option. The location is at the corner of Edgmont Avenue, which has a traffic volume of 13,800 vehicles per day, and 17th Street, and is situated approximately 2 miles north of the Commodore Barry Bridge, connecting Chester to New Jersey. It is also located less than half a mile from the on-ramp to Interstate 95, a major north-south highway with a traffic volume of 205,000 vehicles per day. Widener University, with 6,300 students, is a five-minute walk from the property. The surrounding 5-mile area has a population of over 217,000 people and over 84,000 households. The average household income within the same area is $112,000. Retailers along Edgmont Avenue, including Wawa, CVS Pharmacy, and Walgreens, rank in the top percentile throughout the United States. The Giant along Edgmont Avenue also ranks in the top percentile in both the United States and Pennsylvania. Dollar General Corp. is an investment-grade credit-rated convenience store chain with over 20,000 locations and approximately 185,000 employees.