Axiom Capital Corp. has arranged $2,600,000 in permanent financing for the refinance of a free-standing building in Aurora, IL. The non-recourse loan was self-amortizing over an 18-year term with a fixed rate.
The Property is well-located at the intersection of two major thoroughfares in this high demographic Chicago suburb. The property sits on 2.13 acres and contains a 17,293 square foot building (per survey) featuring a drive thru, a Minute Clinic and 58 parking spaces (4.14 spaces per 1,000 square feet).
CVS has occupied the Property since 2006. CVS Health Corporation, together with its subsidiaries, is currently the largest pharmacy chain in the United States by number of location (over 9,900 as of 2019) and total prescription revenue. As the retail pharmacy division of CVS, it ranks as the 8th largest U.S. corporation according to Fortune 500 in 2019. CVS is an investment grade tenant with a Moody’s rating of Baa2 and S&P rating of BBB.