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Retail

Permanent Loan - Refinance

  • $4,002,000
  • 31,688 SF Grocery Store
  • Fall River, NY

Axiom Capital Corp. has arranged $4,002,000 in permanent financing for the refinance of a RiteRite supermarket in Fall River, MA. The Property is strategically situated in an excellent location right off Interstate 195 (92,423 AADT) on Pleasant Street. The 2020 population within a 3-mile radius of the subject is 91,392 with 39,959 total households and an average household income of $63,929

The 2.08-acre site is improved with a 31,688 square foot building with 98 parking space that was constructed in 2005. PriceRite has occupied the Property since its construction and has 5.4 years remaining on the lease. The next rent bump will occur on December 1st, 2020. There are six, five-year options with rent bumps.