CVS - Zero Cash Flow Leasehold - 1700 McHenry Ave

Modesto, CA 95350

• NNN Property
• Retail for Sale
• $5,586,242 CAD
• 12,916 SF

• Wheelchair Accessible

Modesto Retail for Sale

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, investment grade (S&P: BBB), 24-hour, freestanding CVS investment property located in Modesto, CA. The tenant has approximately 9 years of firm term remaining with 1 (1-year) and 6 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. CVS is America’s leading retail pharmacy and has more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, a leading pharmacy benefits manager with approximately 90 million plan members, and a dedicated senior pharmacy care business serving more than 800,000 patients per year. The site is ideally positioned as the only 24-hour pharmacy in the trade area and recently acquired the prescriptions from the former Rite Aid pharmacy directly across the street, effectively capturing displaced demand and solidifying its role as the primary pharmacy destination in the market. Lastly, the asset can be purchased free and clear or with the assumption of CTL zero cash flow financing, which also includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction (see page 17 for more details).

Contact:

SRS Real Estate Partners

Property Subtype:

Storefront

Date on Market:

2026-02-04

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Top 94% Store Nationwide | Corp Guarantee - 111 San Felipe Rd

Hollister, CA 95023

• NNN Property
• Retail for Sale
• $4,736,872 CAD
• 2,192 SF

Hollister Retail for Sale - San Benito County

*Additional Starbucks available from same owner located at 550 W Lacey Blvd, Hanford, CA 93230* Prime Net Lease is pleased to present an exceptional opportunity to acquire the fee simple interest in a corporately guaranteed Starbucks located in Hollister, California, one of the most dynamic and growing markets in the Monterey Bay region. Constructed in 2021, the property features a 2,192-square-foot, modern drive-thru facility situated on a ±0.74-acre parcel, offering investors a high-quality asset with minimal management requirements. The property is leased to Starbucks Corporation under a Modified Triple Net (NNN) lease with over six years of remaining primary term, providing durable cash flow backed by a full corporate guarantee. The lease includes four (4) five-year extension options, each featuring 10% rental increases, delivering strong long-term income growth and built-in inflation protection. An additional 10% rent increase effective March 2027 further enhances near-term cash flow. Strategically positioned along San Felipe Road, a major arterial with 18,000+ vehicles per day, the site benefits from excellent visibility, strong ingress/egress, and consistent daily traffic. The location is further strengthened by Starbucks’ market-dominant drive-thru format, which captures a significant portion of quick-service demand and supports above-average unit performance. This Starbucks is an outperforming retail location, ranking in the top 94th percentile nationwide and top 89th percentile statewide, and stands as the highest-performing store within a 15-mile radius—underscoring exceptional traffic generation and sustained revenue strength. Situated within a dense and established retail corridor, the property is surrounded by national tenants including McDonald’s, Taco Bell, KFC, Jack in the Box, AutoZone, UPS, Quik Stop, and others, driving consistent consumer draw to the area. Combined with Starbucks’ global brand strength—operating approximately 40,000 locations across 84 countries—this offering represents a stable, low-risk, long-term net lease investment in a growing California market.

Contact:

Prime Net Lease

Property Subtype:

Restaurant

Date on Market:

2026-02-04

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408 Paradise Rd

Modesto, CA 95351

• NNN Property
• Retail for Sale
• $2,586,223 CAD
• 8,320 SF

Modesto Retail for Sale

Capitalize on California's thriving cannabis sector with this exceptional opportunity: a brand-new 10-year NNN lease with 3% annual increases, anchored by Club W. The property at 408 Paradise Road boasts a complete recent remodel of the exterior and ground-floor interior, creating a modern, inviting retail environment perfect for high-traffic dispensary use. Priced at $1.9 million with a scheduled NOI of $180,000, this delivers an robust 9.5% cap rate—ideal for passive investors, 1031 exchanges, or those seeking recession-resistant income in a growing industry. Investment Highlights: • Lease Structure: NNN lease with tenant responsible for all taxes, insurance, and maintenance. • Term & Rent Growth: New 10-year lease with 3% annual rent increases and options to extend. • Financials: ? NOI: $180,000 annually ? Price: $1,900,000 ? Cap Rate: 9.5% • Property Condition: Recently remodeled exterior and ground-floor interior. • Tenant: Club W, a well-established and experienced and growing cannabis operator with ±14 locations plus ±5 new locatons in the pipeline, as well as a 4.7/5 Weedmaps rating from 550+ reviews, driving strong local traffic. • Investment Appeal: Low-maintenance, “like-new” NNN asset with strong yield, built-in rent growth, and no landlord responsibilities—ideal for passive investors seeking above-market returns.

Contact:

PMZ Commercial

Property Subtype:

Bank

Date on Market:

2026-02-02

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CVS Pharmacy - 474 Winton Pky

Livingston, CA 95334

• NNN Property
• Retail for Sale
• $6,959,662 CAD
• 16,974 SF

Livingston Retail for Sale - Outlying Merced County

Colliers is pleased to present the opportunity to acquire an absolute NNN-leased CVS Pharmacy with 15 years of remaining lease term and no rent holiday in Livingston, CA. The property was built in 2015 for CVS and CVS agreed to a 25 year lease term confirming CVS’s commitment to this trade area and building location.

Contact:

Colliers

Property Subtype:

Drug Store

Date on Market:

2026-01-26

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Taco Bell - 8119 Lander Ave

Hilmar, CA 95324

• NNN Property
• Retail for Sale
• $2,980,962 CAD
• 2,080 SF

Hilmar Retail for Sale - Outlying Merced County

Fee-simple, single-tenant absolute NNN investment with national credit tenancy and long-term, low-management, cash flow ideal for passive investors. Turn-Key NNN Retail | Strong Tenant | Long-Term Stability | Drive Thru Taco Bell Location Highlights • Fee-simple single-tenant retail building, built in 2014 • ±2,080 SF building on ±0.51-acre lot • Approx. 44 FT frontage on Lander Ae • Zoning: C-2 • Long-term net lease in place with national tenant Property Features • Modern fast-food prototype design • Absolute NNN lease (zero landlord responsibilities) • Drive-thru configuration with high turnover traffic • Institutional-grade lease with CPI-based rent increases (up to 10% every 5 years) Area Highlights • Located in Hilmar, Merced County, within the San Joaquin Valley growth corridor • Strong local employment from nearby dairy and food processing industries • Stable retail node with limited competition

Contact:

Main Street Property Services, Inc.

Property Subtype:

Fast Food

Date on Market:

2026-01-07

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NNN Ground Lease Investment - 3303 Yosemite Blvd

Modesto, CA 95354

• NNN Property
• Retail for Sale
• $2,177,872 CAD
• 950 SF

Modesto Retail for Sale

This brand-new Dutch Bros double drive-thru is uniquely positioned to capture a diverse and robust customer base. The location stares straight into the heart of Modesto's industrial crown jewel: the ±2,000-acre Beard Industrial District, just across Yosemite Blvd. It's a Fortune 500-fueled juggernaut employing 12,000–18,000 dedicated workers across food & beverage giants like E&J Gallo Winery, Del Monte Foods, Nestlé, Frito-Lay, and endless others. Additionally the site benefits from close proximity to one of the larger high schools in the market (Johansen High School ±2,200 students) and has dense residential surrounding the property. Highlights: Brand New 15 Year NNN Lease (Ground Lease) Ten (10%) Percent Increases Every Five (5) Years Double Drive-Thru Massive Employment Hub Proximity to Dollar Tree, Auto Zone, O’Reilly, Burger King, McDonald’s and Much More

Contact:

PMZ Commercial

Date on Market:

2025-12-16

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Chipotle | New 15-Year Absolute NNN Lease - 4620 Dale Rd

Modesto, CA 95356

• NNN Property
• Retail for Sale
• $4,976,438 CAD
• 2,325 SF

Modesto Retail for Sale

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this brand new 2025 build-to-suit ±2,325 square foot free-standing building with “Chipotlane” drive-thru leased to Chipotle corporate. Located in Modesto, California near the intersection of Dale Road and Pelandale Avenue with over 39,000 ADT, the subject property is well positioned parallel along Dale Road at the entrance to a newer commercial development and immediately across the street from a full service 152 bed Kaiser Permanente hospital with emergency room services. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, brand-new constructed commercial property that is leased to a publicly traded corporate tenant, with a long-term lease commitment to the subject site.

Contact:

Commercial Retail Associates

Property Subtype:

Fast Food

Date on Market:

2025-12-09

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Take 5 Oil Change | New 15yr Sale-Leaseback - 2000 McHenry Ave

Modesto, CA 95350

• NNN Property
• Retail for Sale
• $4,237,322 CAD
• 1,315 SF

Modesto Retail for Sale

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located at 2000 McHenry Avenue, Modesto, CA. The tenant, T5 CVC Operations, LLC, will sign a new, 15-year lease at the close of escrow (sale-leaseback) with three (3) 5-year options and one (1) 4-year, 11-month option to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Contact:

SRS National Net Lease

Property Subtype:

Auto Repair

Date on Market:

2025-11-12

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