1600 Edgmont Ave Chester, PA 19013
- Commercial real estate
- 10,366 SF
- 2.00 lot acres
Current Use by Public Records
- Cardtronics ATM / Atm
- Osinakachi E. Egbukwu, PharmD / Pharmacy
- Tien Nguyen, Pharm / Pharmacy
- higi / Health Consultant
- Dollar General / General Store / Party Store
Property Details for 1600 Edgmont Ave
- Year built
- 1995
- Construction
- STONE
- Lot size
- 2.00 lot acres
- Property size
- 10,366 SF
- Property type
- Commercial real estate
- APN
- 49-01-01817-00
- APU
- 49010181700
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,580,000
- 6.5%
- $1,645,000
- 7%
- $1,535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,960,000
- Geo Method
- $1,590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,580,000
- Retail
- $1,620,000
- Mixed-Use
- $1,650,000
- Hospitality
- $1,560,000
- Educational
- $1,590,000
- Residential Income
- $1,720,000
- Energy
- $1,765,000
- Income-Based Land
- $1,905,000
- Food Service
- $1,610,000
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.3635
- Latitude
- 39.8604
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
