1010 E Arrow Hwy - Freestanding FOR SALE


Covina, CA 91724- Charter Oak
$3,993,600 USD
213-590-5181
1010 E Arrow Hwy, Covina, CA for Sale
$3,993,600 USD
Freestanding - FOR SALE
1/11
null | 6.25% Cap Rate

1010 E Arrow Hwy
Covina, CA 91724
Charter Oak


HIGHLIGHTS

  • Single Tenant Net Leased Polaris Pharmacy – 2+ Years Remaining – 4% Annual Increases
  • Healthcare operator with more than 20 pharmacy locations nationwide
  • Recession-Resistant Asset Class – Healthcare and pharmacy-related real estate

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,993,600 USD

PRICE/SF

$416 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Drug Store, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

LCC4*

APN/PARCEL ID

8404-001-018

ASK ABOUT THIS PROPERTY

Jason AnguianoMarcus & MillichapMore Info
213-590-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jason AnguianoMarcus & MillichapMore Info
213-590-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.