Permanent Loan – Acquisition
- 38,475 SF Freestanding Retail
- Junction City, KS
Axiom Capital Corp. has arranged $2,750,000 in sale/leaseback financing for a single tenant retail building in Junction City, KS. The non-recourse loan was for 10 years at a fixed rate amortized over 30 years. The loan demonstrated a sub 65% LTV at the time of closing.
The property has outstanding visibility to I-70 and is easily accessible to the greater metro area. The property is located near a retail corridor and is surrounded by national retailers including Walmart, CVS, Dollar Tree, Aaron’s, Hibbett Sports, Gordman’s, Starbucks, Pizza Hut, Taco Bell, Arby’s and Freddy’s Steakburgers.
Orscheln Farm and Home is a family-owned chain that is has been operating since 1960. The retailer supplies agricultural goods for farm, home, ranch, and suburban customers through its nearly 160 retail stores across eleven Midwest states and its website. Orscheln Farm & Home offers animal feed and health items and other farm and ranch supplies. The retailer also sells products such as clothing and footwear, lawn and garden care items, hunting equipment, tools, hardware, automotive supplies, plumbing and electrical equipment, and other home improvement items. Orscheln Farm & Home is a subsidiary of The Orscheln Group, a conglomerate of eleven companies comprised of over 3,000 employees on three continents.