1020 Edgewood Avenue - Jacksonville, FL 32220

Listing Price:	Open Bid
Lot Size:	19.03 Acres
Year Built:	1984
Rentable SF:	81,467 SF

INVESTMENT HIGHLIGHTS

• 81,467 SF Grocery Anchored Shopping Center Located in Jacksonville, Florida
• Grocery Anchor, Rowe’s IGA Supermarket Executed a new 10-Year Lease and opened for business in May 2020 after investing $2.95MM into their space.
• Major Recent Upgrades to the Property Totaling $4 Million
• Rowe’s IGA has an Incredibly Low Gross Rent to Sales Ratio of 1.1 Percent, Ensuring their Long-Term Viability at the Property
• Rare Rent Increases of 12.5 Percent every Five Years on the Grocery Anchor Provides for Strong Future NOI Growth and Appreciation
• Dollar Tree and Hibbett Sports also have Strong Health Ratios and Dollar Tree Recently Exercised a Five-Year Renewal
• Offering Includes Major Upside Through Two Vacant Outparcels Totaling Six Acres of Land
• Zoning Allows for Efficient, Easy Re-Zoning to Industrial Use from Commercial
• Located within Opportunity Zone, Providing Potential Tax Benefits