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1012-1020 Edgewood Ave N
Jacksonville, FL 32254 Paxon

$7,200,000 USD

Supermarket For Sale  •  81,467 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 81,467 SF
  • Lot Size 13.02 AC
  • Building Class B
  • Year Built 1984
  • Cap Rate 7.50 %
  • Tenancy Multiple
  • Zoning CCG-1
33 Transit Score
52 Walk Score

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
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
A Natural Nail 11/30/2025
Advance America
Dollar Tree
Edgewater Coin Laundry
Hibbett Sports
Jackson Hewitt Tax Services
Pizza Hut
Rent-a-center
Rowe's IGA Supermarket
Top China

Amenities

  • Pylon Sign
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
8 min - 3.1 mi
AirportDriveWalkDistance
Jacksonville International 29 min - 15.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 562
Type: Surface
Included in Rent: Yes
Tricia Lim 786-522-7000 Marcus & Millichap
Tricia Lim 786-522-7000 Marcus & Millichap