
Capitol Shopping Center
110-150 Western Ave, Augusta, ME, 04330-7241, US
16,114 sm
JLL Capital Markets is pleased to exclusively offer for sale Hunt River Commons, a +/- 149,321 SF, 94.5% leased, grocery anchored shopping center in North Kingstown, RI. Hunt River Commons is anchored by Stop & Shop, the #1 grocer in Rhode Island, which boasts a 38-year operating history. Stop & Shop recently committed to an early extension until 2031 and invested significant capital into a remodel of their store in 2022. Other prominent tenants at the Property include a recently extended Marshalls, a high performing Citizens Bank pad, and a recently expanded Planet Fitness.
The property is aptly located adjacent to Route 1 (26,300 VPD) and is in close proximity to Interstate 95 and Route 4 (78,000 VPD). The nearby Quonset Development Corporation, Quonset State Airport and headquarters for Ocean State Job Lot present a unique reverse commute opportunity for affluent East Greenwich shoppers. Hunt River Commons offers investors a best-in-class supermarket anchored shopping center with a strong credit profile and the potential opportunity to push rents over time and create future value through the lease up of the remaining vacancy.
RI Broker of Record
Sean Lynch
RE.B0018913

