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Commonwealth Shopping Center 1012-1020 Edgewood Ave N 81,467 SF 98% Leased Retail Building Jacksonville, FL 32254 $7,200,000 ($88.38/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 81,467 SF Grocery-Anchored Shopping Center in Jacksonville, FL
  • Rowe’s IGA Supermarket Enjoys a Very Strong Rent to Sales Ratio and Invested Approximately $3 Million into their Store Buildout in 2020
  • Adjacent and Connected to New Construction Wawa, Providing Additional Traffic Flow
  • 97% Occupied - Offered at $7.2 Million, a 7.5% Cap Rate and Just $88 Per Square Foot
  • Half of the Tenants have Successfully Operated at the Center for More than 10 Years and Exercised Renewal Options
  • Located at the Signalized Corner of Edgewood Ave North and Commonwealth Ave

EXECUTIVE SUMMARY

81,467 SF Grocery-Anchored Shopping Center in Jacksonville, FL

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
81,467 SF
Building Class
B
Year Built/Renovated
1984/2000
Price
$7,200,000
Price Per SF
$88.38
Cap Rate
7.50%
NOI
$540,000
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.17
Lot Size
11.00 AC
Opportunity Zone
Yes
Zoning
CCG-1 - Neighborhood Commercial
Parking
562 Spaces (6.9 Spaces per 1,000 SF Leased)
Frontage
691’ on Edgewood Ave N

AMENITIES

  • Pylon Sign
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • A Natural Nail
  • Services
  • -
  • $18.55
  • Triple Net
  • Nov 2025
  • Finance and Insurance
  • -
  • -
  • Triple Net
  • -

At Advance America, they understand that setbacks happen. Their mission is to help individuals turn those setbacks into epic comebacks. No matter where someone is on their financial journey, Advance America provides personal loan solutions that open doors to new possibilities. Here, clients are more than just a loan; they are the next success story. Since 1997, Advance America has assisted millions of hardworking people with a variety of financial solutions, including payday loans, online loans, installment loans, title loans, and personal lines of credit. With convenient locations nationwide and 24/7 online loan services, they meet customers where they are, rather than the other way around. As a proud community lender, Advance America serves thousands of individuals both locally and online, offering a range of personalized financial solutions tailored to specific needs.

  • Retailer
  • -
  • -
  • Triple Net
  • -

Dollar Tree is a discount variety store offering a range of everyday household goods including cleaning supplies, groceries, health and beauty items, party supplies, toys, school products, and seasonal décor. As part of a multi-unit national retail chain, this store integrates retail convenience, value pricing, and a consistent product mix alongside its broader corporate network. The brand continues to focus on store network expansion and community accessibility.

  • Edgewater Coin Laundry
  • Services
  • -
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • Triple Net
  • -

Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with many Hibbett, City Gear and Sports Additions specialty stores located in states nationwide. Hibbett has a rich history of serving customers for years with convenient locations, superior personalized customer service and access to coveted footwear, apparel and accessories from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases through their best-in-class omni-channel platform.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Jackson Hewitt has over 40 years of tax experience serving hardworking American communities. With their name on more than 65 million tax returns, they offer guaranteed accuracy—no guessing, just results. Clients can enjoy low-stress tax filing with fixed rates, no pre-payment penalties, and even holiday cash when it’s needed most. Whether visiting a local office or a Walmart location, taxpayers can rely on Jackson Hewitt’s trusted experts to file accurately and maximize refunds. Their guiding principle: “When every dollar matters, it matters who does your taxes®.”

  • Accommodation and Food Services
  • -
  • -
  • -
  • -

There’s nothing cookie-cutter about Pizza Hut. Not their pizzas. Not their people. And definitely not the way they live life. Around here, they don’t settle for anything less than food they are proud to serve. And they don’t just clock in. Not when they can also become their best, make friends, and have fun while they're at it. They're the pizza company that lives life unboxed. They are not for people who want to blend in: pushing boundaries is part of their heritage. They have thousands of restaurants and many team members in multiple countries. Whether it’s the original Stuffed Crust or putting a pizza in outer space, they never stop driving themselves to deliver hot pizzas, fast every time – anywhere one wants to enjoy it. At Pizza Hut, they don’t just make pizza. They make people happy. Pizza Hut was built on the belief that pizza night should be special, and they carry that belief into everything they do.

  • Rental and Leasing Services
  • -
  • -
  • -
  • -

Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for their customers. They understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why they offer the Rent-A-Center Worry-Free Guarantee: They give people the name-brand items they want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment they can afford with the option to own it when they are ready. Plus, they offer six months same as cash, an early purchase discount, competitor price match and free same-day delivery.

  • Retailer
  • -
  • -
  • -
  • -

The Independent Grocers Alliance (IGA) was founded in 1926 to bring family owned, local grocery stores together under the IGA brand. Nearly a century later, the support of a nationally known brand is still giving IGA grocers the ability to better compete, while at the same time, allowing them to stay true to who they are—hometown store owners in a position to meet the needs of their unique communities. Today, communities across the U.S. and Canada are being served by second, third and even fourth generation local IGA grocers.

  • Top China
  • Accommodation and Food Services
  • -
  • $29.53
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
A Natural Nail Services - $18.55 Triple Net Nov 2025
Finance and Insurance - - Triple Net -
Retailer - - Triple Net -
Edgewater Coin Laundry Services - - - -
Retailer - - Triple Net -
Professional, Scientific, and Technical Services - - - -
Accommodation and Food Services - - - -
Rental and Leasing Services - - - -
Retailer - - - -
Top China Accommodation and Food Services - $29.53 Triple Net -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 10
  • 1,680 SF
  • Retail
  • -
  • Now

Current JSO office, can be combined with the adjacent 4,800 SF space for up to 6,480 SF.

  • 21
  • 1,100 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
10 1,680 SF Retail - Now
21 1,100 SF Retail - Now

10

Size
1,680 SF
Space Use
Retail
Position
-
Available
Now

21

Size
1,100 SF
Space Use
Retail
Position
-
Available
Now

10

Size 1,680 SF
Space Use Retail
Position -
Available Now

Current JSO office, can be combined with the adjacent 4,800 SF space for up to 6,480 SF.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 048886-0200
  • 048980-0060
Land Assessment
$2,321,515
Improvements Assessment
$3,476,415
Total Assessment
$5,797,930
  • Listing ID: 38570362

  • Date on Market: 11/25/2025

  • Last Updated:

  • Address: 1012-1020 Edgewood Ave N, Jacksonville, FL 32254

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