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CVS Pharmacy 474 Winton Pky 16,500 SF Retail Building Livingston, CA 95334 $5,940,175 CAD ($360.01 CAD/SF) 6% Cap Rate



Investment Highlights
- Investment-Grade Tenant – Leased to CVS Pharmacy, the largest pharmacy chain in the United States.
- Long-Term Lease – Approximately 14.5 years remaining on the initial lease term.
- Excellent Traffic Exposure – Located immediately off Highway 99 with approximately 62,000 vehicles per day and an additional 9,500 vehicles per day at
- Essential Retail Location – Primary pharmacy serving the Livingston market with limited direct competition.
- Growing Trade Area – New apartment developments directly across the street provide an expanding residential customer base.
- Drive-Thru Pharmacy – Enhances customer convenience while supporting operational efficiency and sales.
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,500 SF
Building Class
B
Year Built
2015
Price
$5,940,175 CAD
Price Per SF
$360.01 CAD
Cap Rate
6%
NOI
$356,444 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.13
Lot Size
2.86 AC
Zoning
C-3
Parking
57 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 022-020-021 | Improvements Assessment | $5,718,091 CAD |
| Land Assessment | $1,658,741 CAD | Total Assessment | $7,376,832 CAD |
Property Taxes
Parcel Number
022-020-021
Land Assessment
$1,658,741 CAD
Improvements Assessment
$5,718,091 CAD
Total Assessment
$7,376,832 CAD
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CVS Pharmacy | 474 Winton Pky
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