Investment Overview

Marcus & Millichap 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 and 30 reserved parking spaces (75 total) 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.