474 Winton Pky - Drug Store FOR SALE


Livingston, CA 95334
$4,261,000 USD
916-724-1326
474 Winton Pky, Livingston, CA for Sale
$4,261,000 USD
Drug Store - FOR SALE
1/10
null | 6% Cap Rate

474 Winton Pky
Livingston, CA 95334


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.
  • Growing Trade Area – New apartment developments directly across the street provide an expanding residential customer base.
  • Excellent Traffic Exposure – Located immediately off Highway 99 with approximately 62,000 vehicles per day and an additional 9,500 vehicles per day at
  • Drive-Thru Pharmacy – Enhances customer convenience while supporting operational efficiency and sales.

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 with the first two being fixed rent, and the next eight being at Fair Market Value. This offers 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. 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

FOR SALE DETAILS

PRICE

$4,261,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

2.86 AC

LAND SF

124,582 SF

ZONING

C-3

APN/PARCEL ID

022-020-021

ASK ABOUT THIS PROPERTY

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.