Commonwealth Shopping Center
81,647 SF Grocery Anchored Shopping Center Priced at $88 per SF – Jacksonville, FL
Marketing description
CALL FOR OFFERS - FEBRUARY 26, 2026
Investment 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
Edgewood Ave Connects Directly to Interstate 10 Just 1.5 Miles to the South and Commonwealth Ave Connects Directly to Interstate 295 Just 1.5 Miles to the West
Commonwealth Shopping Center is the Dominant Center in the Area, with and Average Daily Traffic Count of 36,600 and a 3-Mile Population of 57,935
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