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Retail

Permanent Loan - Acquisition

  • $2,000,000
  • 10,125 sf Free Standing Drug Store
  • Charlotte, NC

Axiom Capital Corporation has arranged $2,000,000 in permanent financing for the acquisition of a freestanding drug store in Charlotte, NC. The first mortgage is a fixed rate loan that fully amortizes over 20 years. The subject property is a 10,125 SF CVS drug store with a Minute Clinic and a drive-through. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,800 as of May 2018) and total prescription revenue. The company has an S&P rating of BBB+ and reported a revenue of over $131 Billion in 2017. The subject property is located  at the intersection of two major thoroughfares in an infill location, just 13.5 miles from Uptown Charlotte.