$7,200,000 USD
786-522-7000
HIGHLIGHTS
- 81,467 SF Grocery-Anchored Shopping Center in Jacksonville, FL
- 97% Occupied - Offered at $7.2 Million, a 7.5% Cap Rate and Just $88 Per Square Foot
- Rowe’s IGA Supermarket Enjoys a Very Strong Rent to Sales Ratio and Invested Approximately $3 Million into their Store Buildout in 2020
- Half of the Tenants have Successfully Operated at the Center for More than 10 Years and Exercised Renewal Options
- Adjacent and Connected to New Construction Wawa, Providing Additional Traffic Flow
- Located at the Signalized Corner of Edgewood Ave North and Commonwealth Ave
FOR SALE DETAILS
PRICE
$7,200,000 USD
PRICE/SF
$88 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Commonwealth Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
562
LAND DETAILS
CROSS STREETS
Edgewood Ave & Commonwealth Ave
LAND ACRES
13.02 AC
LAND SF
567,151 SF
ZONING
CCG-1
APN/PARCEL ID
048886-0200,048980-0060
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786-522-7000
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786-522-7000
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