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33522411
33522412

1010 Arrow Highway, Covina, CA 91724

AR
CA CA 01814678
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$3,993,600
8 days on market
Updated 8 days ago

Polaris Specialty Pharmacy

Details
APN 8404-001-018
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 9,590
Net Rentable (SqFt) 9,590
Cap Rate 6.25%
NOI $249,600
Occupancy 100%
Tenancy Single
Brand/Tenant Polaris Specialty Pharmacy
Lease Type NNN
Lease Term 3
Lease Expiration 10/06/2028
Remaining Term 2
Rent Bumps Yes
Lease Options Two (1) Year Options to Extend
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $259,584
Price per SqFt $416
Year Built 1956
Acreage 0.880
Zoning C-4 General Commercial
Parking Spaces 45 spaces
Parking Per SqFt 4.69
Investment Type Net Lease
Lease Commencement 10/07/2025
Ground Lease No
Ownership Fee Simple

Retail | 6.25% CAP | 9,590 SqFt

Marketing description

The Ovaness-Rostamian Group is proud to present an opportunity to acquire a single-tenant, net-leased Polaris Pharmacy property located at 1010 Arrow Highway in Covina, California. The asset features over two years of remaining lease term along with attractive 4% annual rental increases, offering investors stable in-place cash flow with built-in growth.

Polaris Pharmacy Services is a rapidly expanding healthcare operator with more than 20 locations nationwide, serving long-term care, specialty pharmacy, and post-acute healthcare markets. The tenancy provides exposure to a fundamentally strong and recession-resistant asset class supported by long-term demand drivers tied to aging demographics and ongoing healthcare needs.

The property consists of a freestanding 9,590-square-foot building situated on approximately 0.88 acres, with 45 surface parking spaces providing ample capacity for employees and operations. The site is zoned C-4 General Commercial, a highly versatile and desirable designation that allows for a broad range of retail and commercial uses, enhancing long-term flexibility and residual value.

Strategically positioned within the San Gabriel Valley along the Arrow Highway corridor, the property benefits from excellent accessibility to the I-10, SR-57, and I-210 freeways. This central location provides strong connectivity throughout Los Angeles County and the Inland Empire, further reinforcing the asset's appeal as a well-located, healthcare-driven investment opportunity.

Investment highlights

  • Single Tenant Net Leased Polaris Pharmacy - 2+ Years Remaining - 4% Annual Increases - Ease of management limited landlord responsibilities
  • Polaris Pharmacy Services is a rapidly growing healthcare operator with more than 20 pharmacy locations nationwide, serving long-term care, specialty pharmacy, and post-acute healthcare markets across the United States
  • Zoned Retail C-4 - General Commercial - Versatile & Desirable Zoning
  • Freestanding 9,590 SF building on 0.88 AC with ample parking (45 surface spaces)
  • Recession-Resistant Asset Class - Healthcare and pharmacy-related real estate is generally considered defensive due to long-term demand drivers tied to aging demographics and ongoing healthcare needs.
  • Strategic San Gabriel Valley Location - Located along the Arrow Highway corridor with access to the I-10, SR-57, and I-210 freeways, the property benefits from strong connectivity throughout Los Angeles County and the Inland Empire.

Listing Contacts

AR
CA CA 01814678
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,600.00
$20,800.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

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C-4 CommercialSpecial CommercialCommercial Zone Highway
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Tony Solomon
License
01238010
Title
Broker of Record
Name
Ara Rostamian
License
CA 01814678
Brokerage Phone
2139431781
Title
CA
Brokerage Address
1900 Avenue of the Stars
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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