1012-1020 Edgewood Ave N - Supermarket FOR SALE
Jacksonville, FL 32254 |
1012-1020 Edgewood Ave N
Jacksonville, FL 32254
HIGHLIGHTS
- 81,467 SF Grocery Anchored Shopping Center Located in Jacksonville, Florida
- Grocery Anchor, Rowe’s IGA Supermarket Executed a new 10-Year Lease and opened for business in May 2020 after investing $2.95MM into their space.
- All Rowe’s IGA Locations were Recently Acquired by Massy Stores USA, LLC, a Wholly Owned Subsidiary of Publicly- Traded Massy Holdings Ltd.
- Major Recent Upgrades to the Property Totaling $4 Million
- Rowe’s IGA has an Incredibly Low Gross Rent to Sales Ratio of 1.1%, Ensuring their Long-Term Viability at the Property
- Rare Rent Increases of 12.5% every Five Years on the Grocery Anchor Provides for Strong Future NOI Growth and Appreciation
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Commonwealth Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
81467
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
562
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
048886-0200,048980-0060
