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Permanent Loan - Acquisition

$2,000,000
10,125 sf Freestanding 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.


diligence.
innovation.
execution.
Contacts

Charles Cronin - President
518-472-4000 ext. 204
axiom@axiom-capital.com

Andrew Kleinberg - Partner
917-710-1505
ajk@axiom-capital.com

Michael S. Del Vecchio - VP of R.E. Finance
518-472-4000 ext. 230
mdv@axiom-capital.com