Single Tenant Dollar General

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 6 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.