Permanent Loan - Acquisition$6,000,000
43,484 SF Grocery Store
Axiom Capital Corporation announces the closing of a $6,000,000 permanent loan for the acquisition of a 43,484 SF free standing Albertsons store in the city of Clovis, Curry County, New Mexico. Albertsons currently operates 2,300+ stores across 33 states under 18 well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Randalls, and United Supermarkets. Albertsons operates in 121 Metropolitan Statistical Areas in the United States and is ranked #1 or #2 by market share in 68 percent of them. The Clovis asset benefits from various retailers, institutions and living communities in the immediate area. Albertsons shares a parking lot with numerous national retailers including: Hobby Lobby, Harbor Freight Tools, IHOP, and Dollar General, which helps to draw additional traffic to the area. North Plains Mall, a 303,000 SF enclosed mall, is less than 1 mile from the Asset and draws nearly 100,000 consumers across Eastern New Mexico and West Texas. The Property also has excellent frontage along Prince Street, with exposure to over 24,000 average vehicles per day.