Capitol Shopping Center

JLL Capital Markets is pleased to offer for sale Capitol Shopping Center, a ±173,446 square foot Shaw’s Supermarket anchored shopping center located in Maine’s state capital, Augusta. Capitol Shopping Center has become one of the most deeply entrenched retail centers in the Greater Augusta area and has served the community for over 50 years. The shopping center is 97% leased to a strategic mix of nationally recognized credit tenants and longstanding local retailers in a necessity-retail oriented lineup that includes Shaw’s Supermarket, Renys, Planet Fitness, Applebee’s and Dollar Tree.

Essential to the property’s longevity is its location adjacent to Augusta State Airport on Western Avenue (Route 202), the primary connector between the Maine Turnpike (Interstate 95) and Augusta’s downtown that sees upwards of 26,000 cars per day. The property recently achieved a significant credit enhancement with the addition of Renys, a well-established Maine-based chain, which replaced Big Lots across 32,174 SF of prime retail space. This tenant upgrade strengthens the center's credit profile while restoring full occupancy in the anchor spaces. Capitol Shopping Center will appeal to investors seeking a performing supermarket anchored shopping center with a strong credit profile, tenured and thriving tenants, and a proven track record of successful tenant transitions and credit enhancements.