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8090 Washington 539 Lynden, WA 98264

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Single-tenant CVS in Lynden, WA with long-term lease.

Lot size:
0.99 Acres

Property Features for 8090 Washington 539

General Information

Lot size
0.99 Acres

Source: Chris Kostanecki Agent Chris Kostanecki

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Freestanding CVS with Drive-Thru

The property is a freestanding, single-tenant CVS equipped with a drive-thru, situated at a premier signalized intersection in Lynden, WA. Formerly a Rite Aid, CVS assumed the Absolute NNN lease and is open and operating as of 09/15/2025, with exterior signage upgrades ongoing. The initial lease term runs through 03/31/2033, and CVS has eight, 5-year extension options. An investor will benefit from a 25% rental increase within the first 4 years of ownership, boosting the yield to 8.75% based on a 7% going-in cap rate. The Lynden CVS is located on Guide Meridian Road, which boasts daily traffic counts that exceed 26,000 VPD. The property has multiple points of ingress/egress, and benefits from excellent street visibility and ease of access. Lynden is part of the Bellingham MSA, and is just 4.7 miles south of the Canadian border; retailers in the Lynden market see cross-border shopping from Canadians, primarily from British Columbia. CVS is in close proximity to national, daily-needs retailers including Safeway, Food Pavilion, McDonald’s, and Starbucks. While in operation as a Rite Aid, the subject property reported strong store sales upwards of ~$11MM as of 2023.
Location Intelligence

Current Use by Public Records

Drug stores

Map

City
Lynden
County
Whatcom
State
Washington
Longitude
-122.453
Latitude
48.9697

FAQs

What type of property is this?
Drug store - Single-tenant CVS in Lynden, WA with long-term lease.
Where is this drug store located?
The property is located at 8090 Washington 539 Lynden, WA.
What are key features of this property?
This property features: - Absolute NNN lease with CVS providing a passive income stream.; - Rare 25% rental increase within the first 4 years, boosting the yield to 8.75%.; - Zero national pharmacy competition (Walgreens) in the surrounding area.
More about this property
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