1600 Edgmont Ave - Freestanding FOR SALE


Chester, PA 19013
$1,533,000 USD
610-608-2621
1600 Edgmont Ave, Chester, PA for Sale
$1,533,000 USD
Freestanding - FOR SALE
1/13
null | 7.5% Cap Rate

1600 Edgmont Ave
Chester, PA 19013


HIGHLIGHTS

  • Investment Grade Credit (S&P: BBB)
  • Corporate Guarantee
  • Less than ½ Mile From Major Highway Interstate 95 (205,000 VPD)
  • Blocks from Widener University (6,300 Students)
  • Philadelphia MSA

OVERVIEW

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Dollar General, (the “Property”) in Chester, Pennsylvania, a city located 10 miles southwest of Philadelphia. Dollar General operates on a corporate guaranteed, double-net (NN) lease with over 6.5 years of term remaining and a 5.22% rental increase in the next option. Dollar General is primely positioned at the corner of Edgmont Avenue (13,800 VPD) and 17th Street just 2 miles north of the Commodore Barry Bridge which connects Chester to New Jersey. Additionally, it sits just under ½ mile from the on-ramp to Interstate 95, the main north-south interstate highway on the east coast of the United States that boasts 205,000 VPD. Widener University, a top-ranked private university home to 6,300 students, is a five-minute walk from the property. The 5-mile area surrounding the property boasts excellent demographics with a population of over 217,000 people and over 84,000 households, due in fact to the property’s proximal location to Philadelphia, a metro area which is the 8th largest in the United States. Additionally, the average household income within that same area sits at $112,000. The Edgmont Avenue (13,800 VPD) thoroughfare is home to some of the top performing retailers within their respective chains. Wawa, CVS Pharmacy, and Walgreens all rank in the top 95th percentile or above throughout the entire United States. The Giant along Edgmont Avenue also ranks in the top 78th percentile in both the United States and Pennsylvania. Dollar General Corp. (NYSE: DG), is an investment grade credit rated (S&P: BBB) convenience store chain with over 20,000 locations. In 2023, Dollar General came in at #108 on the Fortune 500 list, employing approximately 185,000 and was included on Fortune’s list of Most Admired Companies. PRIME LOCATION (PHILADELPHIA MSA) – Dollar General is positioned at the corner of Edgmont Avenue (13,800 VPD) and 17th Street in Chester, Pennsylvania, just 10 miles southwest of Philadelphia. The property is just 2 miles north of the Commodore Barry Bridge which connects Chester to New Jersey and is part of the Philadelphia MSA that is home to a population of 6,241,200 and the 8th largest metro area in the United States. CORPORATE GUARANTY – Dollar General’s lease is guaranteed by their corporate entity, Dollar General Corporation. The lease is double-net (NN) with 6.5+ years of term remaining and a 5.22% rental increase in the next option. INVESTMENT GRADE CREDIT – Dollar General Corp. (NYSE: DG), is an investment grade credit rated (S&P: BBB) convenience store chain with over 20,000 locations. In 2023, Dollar General came in at #108 on the Fortune 500 list, employing approximately 185,000 and was included on Fortune’s list of Most Admired Companies. CLOSE PROXIMITY TO MAJOR INTERSTATE HIGHWAY (205,000 VPD) – Dollar General sits under ½ mile from the on-ramp to Interstate 95, the main north-south interstate highway on the east coast of the United States that boasts 205,000 VPD. CLOSE PROXIMITY TO WIDENER UNIVERSITY (6,300 STUDENTS) – The property is a five-minute walk from Widener University, a top-ranked private university in Chester that enrolls 6,300 students. Widener University was named a 2024 National College of Distinction (Colleges of Distinction). STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL – The Edgmont Avenue (13,800 VPD) thoroughfare along which Dollar General sits is home to some of the top performing retailers within the respective chains. DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the property boasts excellent demographics with a population of over 217,000 people and over 84,000 households. Additionally, the average household income within that same area sits at $112,000. BUSTLING RETAIL CORRIDOR – Dollar General is surrounded by several national retailers along Edgmont Avenue including: Lowe’s Home Improvement, Giant, ShopRite, Aldi, CVS Pharmacy, Walgreens, Wells Fargo Bank, Citizens Bank, WSFS Bank, PetSmart, LA Fitness, Aspen Dental, AutoZone, Jiffy Lube, Pep Boys, Meineke, Dollar Tree, Family Dollar, Sherwin-Williams, Chili’s Grill & Bar, McDonald’s, Starbucks, Dunkin’, Wawa, Popeyes, Wendy’s, KFC, and Burger King, further demonstrating the strength of the retail corridor.

FOR SALE DETAILS

PRICE

$1,533,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial (02)

APN/PARCEL ID

49-01-01817-00

ASK ABOUT THIS PROPERTY

Steve SchrenkForged Real EstateMore Info
610-608-2621

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Steve SchrenkForged Real EstateMore Info
610-608-2621

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.