Drug Store
CVS Pharmacy - Livingston, CA
474 Winton Pkwy, Livingston, CA 95334
Listing Price: $4,261,000
Investment Overview
474 Winton Parkway presents the opportunity to acquire a premier single-tenant net-leased investment occupied by CVS Pharmacy, the largest pharmacy chain in the United States and one of the nation's leading retail healthcare providers. As the area's primary pharmacy, CVS serves as a necessity-based retailer with limited direct competition, providing an essential service to the surrounding community and supporting long-term tenant performance.
The asset is secured by an investment-grade tenant and features approximately 14.5 years of remaining lease term, providing investors with stable, predictable cash flow. The lease is structured as an Absolute Triple Net (NNN) lease, creating a truly passive ownership opportunity with no landlord responsibilities. Upon expiration of the initial lease term in 2041, the tenant has ten (10) five-year renewal options, offering the potential for decades of continued occupancy.
Strategically located immediately off California State Route 99, the property benefits from outstanding visibility and accessibility, with approximately 62,000 vehicles per day traveling along Highway 99 and an additional 9,500 vehicles per day at the signalized intersection of Winton Parkway and B Street. The property is further enhanced by a drive-thru pharmacy, improving customer convenience and operational efficiency, as well as approximately 59 on-site parking spaces to accommodate strong customer traffic.
Situated in Livingston, California, approximately 100 miles south of Sacramento and 72 miles north of Fresno, the property is positioned within California's expanding Central Valley. New apartment developments directly across the street continue to increase the area's residential density, supporting future customer demand and reinforcing the property's long-term fundamentals.
Combining an investment-grade tenant, long-term Absolute NNN lease structure, essential-use tenancy, strategic highway location, and strong surrounding growth, 474 Winton Parkway represents an exceptional opportunity to acquire a passive, institutional-quality net-leased asset with durable long-term income.
CVS Pharmacy - Livingston, CA
Investment Highlights
- Investment-Grade Tenant – Leased to CVS Pharmacy, the largest pharmacy chain in the United States.
- Essential Retail Location – Primary pharmacy serving the Livingston market with limited direct competition.
- Long-Term Lease – Approximately 14.5 years remaining on the initial lease term.
- Absolute NNN Lease – Zero landlord responsibilities, providing passive ownership.
- Excellent Traffic Exposure – Located immediately off Highway 99 with approximately 62,000 vehicles per day and an additional 9,500 vehicles per day at Winton Parkway & B Street.
- Drive-Thru Pharmacy – Enhances customer convenience while supporting operational efficiency and sales.
- Growing Trade Area – New apartment developments directly across the street provide an expanding residential customer base.
Exclusively Listed By
Listing Price: $4,261,000
Investment Highlights
- Investment-Grade Tenant – Leased to CVS Pharmacy, the largest pharmacy chain in the United States.
- Essential Retail Location – Primary pharmacy serving the Livingston market with limited direct competition.
- Long-Term Lease – Approximately 14.5 years remaining on the initial lease term.
- Absolute NNN Lease – Zero landlord responsibilities, providing passive ownership.
- Excellent Traffic Exposure – Located immediately off Highway 99 with approximately 62,000 vehicles per day and an additional 9,500 vehicles per day at Winton Parkway & B Street.
- Drive-Thru Pharmacy – Enhances customer convenience while supporting operational efficiency and sales.
- Growing Trade Area – New apartment developments directly across the street provide an expanding residential customer base.
Investment Overview
474 Winton Parkway presents the opportunity to acquire a premier single-tenant net-leased investment occupied by CVS Pharmacy, the largest pharmacy chain in the United States and one of the nation's leading retail healthcare providers. As the area's primary pharmacy, CVS serves as a necessity-based retailer with limited direct competition, providing an essential service to the surrounding community and supporting long-term tenant performance. The asset is secured by an investment-grade tenant and features approximately 14.5 years of remaining lease term, providing investors with stable, predictable cash flow. The lease is structured as an Absolute Triple Net (NNN) lease, creating a truly passive ownership opportunity with no landlord responsibilities. Upon expiration of the initial lease term in 2041, the tenant has ten (10) five-year renewal options, offering the potential for decades of continued occupancy. Strategically located immediately off California State Route 99, the property benefits from outstanding visibility and accessibility, with approximately 62,000 vehicles per day traveling along Highway 99 and an additional 9,500 vehicles per day at the signalized intersection of Winton Parkway and B Street. The property is further enhanced by a drive-thru pharmacy, improving customer convenience and operational efficiency, as well as approximately 59 on-site parking spaces to accommodate strong customer traffic. Situated in Livingston, California, approximately 100 miles south of Sacramento and 72 miles north of Fresno, the property is positioned within California's expanding Central Valley. New apartment developments directly across the street continue to increase the area's residential density, supporting future customer demand and reinforcing the property's long-term fundamentals. Combining an investment-grade tenant, long-term Absolute NNN lease structure, essential-use tenancy, strategic highway location, and strong surrounding growth, 474 Winton Parkway represents an exceptional opportunity to acquire a passive, institutional-quality net-leased asset with durable long-term income.
Exclusively Listed By
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