8090 WA-539 | Lynden, WA 98264
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- LoopNet Team
8090 WA-539
Lynden, WA 98264
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The offering is a freestanding, single-tenant CVS equipped with a drive-thru, located in Lynden, WA
- The initial term runs through 03/31/2033, and CVS has eight, 5-year extension options
- The Lynden CVS is located on a signalized intersection along Guide Meridian Road, which boasts daily traffic counts that exceed 26,000 VPD
- The subject property was formerly a Rite Aid, and CVS recently assumed the Absolute NNN lease; the store is now open and operating
- A rare 25% rental increase within the first 4 years of ownership, thus boosting the yield to 8.75% based on a 7% going-in cap rate
- Walgreens does not have a store within the surrounding area, making CVS the go-to pharmacy serving this market
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
17,579 SF
Building Class
B
Year Built/Renovated
2006/2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.99 AC
Zoning
C - Commercial District
Parking
15 Spaces (0.85 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 400330-019510-0000 | Improvements Assessment | $3,351,415 |
| Land Assessment | $1,227,603 | Total Assessment | $4,579,018 |
PROPERTY TAXES
Parcel Number
400330-019510-0000
Land Assessment
$1,227,603
Improvements Assessment
$3,351,415
Total Assessment
$4,579,018
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