Permanent Loan - Acquisition
- 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.