Fully Occupied Retail and Medical
For Sale
Contact for pricing
8082 Guide Meridian, Lynden, WA 98264
Fully occupied on Guide Meridian with drive-through Starbucks, a dental practice, and a Mexican market/restaurant tenant mix.
Property Size5,460 SF
Price / SF$456.96
Days on Market160
Property Features for 8082 Guide Meridian
General Information
Standard status
Active
Size
5,460 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Drive-Thru
Yes
Traffic Count
16,000 vehicles/day
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
The Muljat Group Inc.
(360) 820-2000
Listed By:
Troy Muljat, CCIM · License #2199
(360) 820-2000
Source:
Moodyscre
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 10:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Muljat Group Inc.
Investment Insights
Based on property information with market context.
This fully occupied investment property totals 5,460 square feet and is arranged to support a drive-through restaurant concept along with medical and retail/food uses. The current tenant mix includes a drive-through Starbucks, a long-standing dental practice, and a Mexican market and restaurant.
Strategically positioned on Guide Meridian, one of Whatcom County’s busiest commercial corridors, the site benefits from strong visibility and an estimated 16,000 vehicles passing by each day. The property is also positioned adjacent to major national retailers, including Safeway and a new Chipotle location.
For buyers seeking an income-producing, multi-tenant asset with daily traffic exposure and an established tenant base, this property offers a consolidated retail and medical setup within a high-volume corridor.
Strategically positioned on Guide Meridian, one of Whatcom County’s busiest commercial corridors, the site benefits from strong visibility and an estimated 16,000 vehicles passing by each day. The property is also positioned adjacent to major national retailers, including Safeway and a new Chipotle location.
For buyers seeking an income-producing, multi-tenant asset with daily traffic exposure and an established tenant base, this property offers a consolidated retail and medical setup within a high-volume corridor.
Key Highlights
- Fully occupied commercial building on Guide Meridian.
- Tenant mix includes drive‑through Starbucks, a dental practice, and a Mexican market/restaurant.
- Site has exposure to over 16,000 vehicles passing by each day.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,528,020
$1.5M
Cap Rate 7%
$1,091,443
$1.1M
Cap Rate 9%
$848,900
$848.9K
Market Conditions
NOI Build-Up for 5,460 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$123.2K $22.56/SF
− Vacancy
−$21.3K −$3.90/SF
EGI
$101.9K $18.66/SF
− OpEx
−$25.5K −$4.66/SF
NOI
$76.4K $13.99/SF
Area
Whatcom County, WA
Vacancy
17.30%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,528,020
Cap Rate 7%
$1,091,443
Cap Rate 9%
$848,900
Alternative Uses
Best Use
Office B
$1.09M
$955.0K – $1.27M
NOI $76,401 @ 7.0% cap · market cap 3.06%
Second Best
Specialty Retail
$1.02M
$895.8K – $1.19M
NOI $71,665 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,164 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 98264, WA
23,170
Population
8,395
Households
2.8
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
57.2 sq mi
ZIP Area
405
Density / Sq Mi
$95,225
Median Household Income
$47,046
Median Earnings
$1,611
Median Rent
$538,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Fully occupied on Guide Meridian with drive-through Starbucks, a dental practice, and a Mexican market/restaurant tenant mix.
Where is this drive through restaurant located?
The property is located at 8082 Guide Meridian Lynden, WA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Fully occupied commercial building on Guide Meridian.; Tenant mix includes drive‑through Starbucks, a dental practice, and a Mexican market/restaurant.; Site has exposure to over 16,000 vehicles passing by each day.
