Walgreens picks Ramseur for new store

Here’s a prototype of the store that’s being constructed in Ramseur. (Courtesy photo)

RAMSEUR – A Walgreens store is coming to Ramseur.

MCM Partners, a private investment firm, has closed on the financing for a $1.54 million private credit loan to build a free-standing, small format, Walgreens in the Randolph County town.

“We’re going to be doing a lot of these stores around North Carolina,” said Derek Copeland, principal of Charlotte-based MCM Partners.

The location of the Ramseur store is on U.S. 64 at 6638 Jordan Road.

Copeland, whose company specializes in private loans, said this store will be a smaller version of full-scale Walgreens.

“It’s one of their small-store concepts,” he said.

That means the will be a focus on pharmaceuticals, he said.

The Morgan Companies of Charlotte is the builder. It’s anticipated that the store will open this year.

Copeland said the plan will be the sell the building by this time next year.