1600 Edgmont Ave, Chester, PA 19013

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.