1600 Edgmont AveChester, PA 19013

Property Details for 1600 Edgmont Ave

Year built

1995

Construction

STONE

Lot size

2.00 AC

Property size (Sq ft)

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.

Location Insight

City

Chester

County

Delaware

State

Pennsylvania

Latitude

39.8604

Longitude

-75.3635

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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