Lynden, WA 98264,8169 Guide Meridian RD
Listed by Windermere Real Estate Whatcom
Bought with Windermere Real Estate Whatcom

$1,750,000

$1,945,000

10.0%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 11/22/2024

Key Details

Sold Price $1,750,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Lynden

MLS Listing ID 2228940

Sold Date 11/22/24

Style 60 - Comm Bldg Und 10K

Property Sub-Type Commercial Industrial

Property Description

Brand-New Construction Taco Bell. 25-year Ground Lease with six five-year Options. 10% rent increases every 5 years provide a hedge against inflation. No landlord management making this an ideal opportunity for a local or out-of-area investor. Located in WA, an income tax free state. Leased to Pacific Bells, a successful franchisee of the Taco Bell Corporation, operating more than 271 restaurants in 9 states. Site features a dedicated future expansion option for a double drive-thru for added service volume with population growth. Excellent Access/Visibility – located along the frontage of State Route 539, (Guide Meridian) a highly trafficked north-south retail corridor with approx. 20,000+ vehicles per day.

Location

State WA

County Whatcom

Area 885 - Lynden

Interior

Fireplace false

Building

Sewer Sewer Connected

Others

Senior Community No

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Northwest MLS (NWMLS)

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