Meridian Retail Center 102 Stuart Rd 41,000 SF 100% Leased Retail Building Bellingham, WA 98226 $11,500,000 ($280.49/SF) 5.27% Cap Rate

Multi-tenant commercial strip center with regional corner coffee drive-thru situated across from Walmart. Over 44k sq ft of retail space with 99 parking spaces, two rear loading docks, on a 4 plus acre site. Easy access center at the signalized intersection of Meridian Street and W Stuart Road with 28,600 daily traffic trips fronting the center. Strong mix of long-term tenants that have been with the center for multiple renewals. One portion of the center has a short-term tenant that could be vacated for a furniture store, mattress store, motorcycle/power sports store, or even converted to heated storage. Clean value add opportunity in Bellingham’s major retail hub.