8090 Washington 539 Lynden, WA 98264
Single-tenant CVS in Lynden, WA with long-term lease.
- Added:
- Nov 25, 2025
- Days on Market:
- 129
- Last Refresh:
- Dec 16 at 8:52 pm
Property Features for 8090 Washington 539
General Information
- Standard status
- Active
Listing agent Chris Kostanecki License #CalDRE #01002010 (415) 274-2701
Listing office CP Partners (415) 274-2701
Listing date Nov 25, 2025
Source Cppcre
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 CP Partners
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
Nearby Similar for Sale
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.
