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Commonwealth Shopping Center 1012-1020 Edgewood Ave N 81,467 SF 100% Leased Retail Building Jacksonville, FL 32254 $9,795,672 CAD ($120.24 CAD/SF) 7.50% Cap Rate



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
Property Facts Under Contract
Amenities
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A Natural Nail
- Services
- -
- $25.24 CAD
- Triple Net
- Nov 2025
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.
Dollar Tree began in 1986 as Only $1.00, building on earlier variety-store and toy-retail roots in Virginia. The company later adopted the Dollar Tree name and grew into a value retailer focused on everyday essentials, seasonal merchandise, and discovery-oriented shopping. Current offerings include housewares, cleaning supplies, candy, snacks, food, health and beauty products, toys, gifts, stationery, craft and party supplies, books, and seasonal décor. The business also sells through its digital channels, including case-pack ordering, store pickup, home delivery, and same-day local delivery from participating store locations.
- Edgewater Coin Laundry
- Services
- -
- -
- -
- -
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.
Jackson Hewitt began operations in 1982 when John Hewitt purchased a small Virginia-based tax service. The company expanded through franchising in 1986 and grew rapidly by partnering with major retailers. Jackson Hewitt provides tax preparation services, including electronic filing and refund anticipation loans. The company also offers franchise opportunities nationwide. Jackson Hewitt's tax school provides training for aspiring tax professionals through both online and classroom programs. The company serves millions of customers annually through company-owned and franchised locations.
Pizza Hut began in 1958, when two brothers borrowed money from their mother to open a pizza place in Wichita, Kansas. The business grew from that single restaurant into a franchised brand with a broad menu centered on pizza, pasta, chicken wings, breadsticks, desserts, and delivery or carryout service. Pizza Hut later became part of Yum! Brands and continues to operate as a global restaurant system with a large franchise network across many markets. The company has also built a history around menu and service milestones, including early online ordering and signature products such as Stuffed Crust and Pan pizza.
Rent-A-Center is a national rent-to-own retail chain offering furniture, home appliances, consumer electronics, and computers through flexible rental-purchase agreements. Founded in 1973 and incorporated in 1986, the company operates thousands of locations across the United States, Puerto Rico, and Mexico. Rent-A-Center serves consumers seeking access to durable household goods without traditional credit requirements, offering short-term rental flexibility with ownership options. Stores are typically located in neighborhood retail centers and along major arterial corridors, serving value-oriented and workforce-housing markets. The company is a subsidiary of Upbound Group, Inc., a publicly traded organization listed on NASDAQ. Rent-A-Center’s operating model combines in-store retail sales, logistics and delivery operations, and local service teams. In metropolitan areas such as Atlanta, the brand maintains numerous store locations to support dense, neighborhood-based customer demand.
IGA, originally known as the Independent Grocers Alliance, was founded in 1926 and operates as a network of independently owned grocery stores under a common brand. The organization provides its members with marketing support, private-label products, and operational resources to help them compete with larger chains while maintaining local ownership. IGA’s model emphasizes community-based retailing, allowing store owners to tailor offerings to local preferences while benefiting from shared branding and supply chain efficiencies. The company also offers training programs, digital marketing tools, and merchandising strategies to enhance store performance. With a presence in multiple countries, IGA supports thousands of locations worldwide, making it one of the most recognized names in independent grocery retailing. The company is privately held.
- Top China
- Accommodation and Food Services
- -
- $40.18 CAD
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A Natural Nail | Services | - | $25.24 CAD | 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 | - | $40.18 CAD | Triple Net | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,514,987 CAD | |
| Land Assessment | $4,360,347 CAD | Total Assessment | $8,875,334 CAD |
Property Taxes
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Commonwealth Shopping Center | 1012-1020 Edgewood Ave N
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