In December of 2022, Emerald Creek Capital provided a $1,500,000 bridge loan in the town of Rockwell, NC in Rowan County. The loan is secured by a one-story, freestanding retail building with 13,490 square feet of building area on a 1.96-acre site. The subject property was built-to-suit for CVS Pharmacy which occupies the space under a long-term NNN lease. Rockwell is a primarily residential community located about 40 miles northeast of Charlotte, 30 miles south of Winston-Salem, and 55 miles southwest of Greensboro. With proximity to multiple major metro areas, Rockwell is popular among families and professionals, offering residents a variety of amenities including recreation, shopping, and entertainment options nearby. The subject property is well-located within the main business district on US Highway 52.
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