Waterville Commons

Location: Concord, NC
Type: Retail
Price: $ 4,700,000

SMC’s $4,700,000 first mortgage loan refinanced existing debt on an 58,384 SF grocery-anchored shopping center located in a suburb of Charlotte, NC, approximately 15 miles north of downtown and 1-mile from Charlotte Motor Speedway. Occupancy at loan origination was 98%, with tenants that include Food Lion and Family Dollar.