Polaris Specialty Pharmacy
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.
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