Single-Tenant Net-Leased
1010 Arrow Highway Covina, CA 91724
1010 Arrow Highway, Covina, CA, 91724
Contact for pricing
For Sale
Contact for pricing
Freestanding pharmacy building on a C-4 zoned site with 45 surface parking spaces.
Property Size9,590 SF
Lot Size0.88 Acres
Price / SF$416.43
Days on Market42
Property Features for 1010 Arrow Highway
General Information
- Standard status
- Active
- Size
- 9,590 SF
- Lot size
- 0.88 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1956
Listing agency
Marcus & Millichap - Los Angeles
(213) 943-1781
Listed by
Ara Rostamian · License #CA 01814678
Source
Crexi
Added: Jun 11 Updated: Jul 21 at 8:45PM Checked: Jul 21 at 8:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This single-tenant, net-leased Polaris Pharmacy property includes a freestanding 9,590-square-foot building on approximately 0.88 acres. The site offers 45 surface parking spaces to support employee and operational needs. The asset has more than two years remaining on the lease term, with 4% annual rental increases.
The property is located on Arrow Highway in Covina within the San Gabriel Valley. It is described as having strong connectivity to major freeways, including I-10, SR-57, and I-210.
Zoned C-4 General Commercial, the property is positioned for long-term flexibility under a broadly utilized commercial zoning designation.
The property is located on Arrow Highway in Covina within the San Gabriel Valley. It is described as having strong connectivity to major freeways, including I-10, SR-57, and I-210.
Zoned C-4 General Commercial, the property is positioned for long-term flexibility under a broadly utilized commercial zoning designation.
Key Highlights
- Single‑tenant net‑leased Polaris Pharmacy property with over two years of remaining lease term
- Freestanding 9,590 SF building on approximately 0.88 acres with 45 surface parking spaces
- 4% annual rental increases as part of the existing lease
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.5k | $33.84 |
| − Vacancy | −$21.4k | −$2.23 |
| EGI | $303.1k | $31.61 |
| − OpEx | −$75.8k | −$7.90 |
| NOI | $227.3k | $23.70 |
9,590 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.25M
$2.84M – $3.79M
NOI $227,330 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$3.03M
$2.65M – $3.54M
NOI $212,175 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$5.13M
$4.49M – $5.99M
NOI $359,411 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Owl Specialty Pharmacy
Pharmacy
ACAFA
Association Or Organization
Similar For Sale Nearby
Similar Off Market Nearby
- Calix Drugs Pharmacy Inc. — 944 N Grand Ave, Covina, CA 91724
- Natural Amor — 740C Arrow Hwy, Covina, CA 91722
- Hai Au H. Luu, Pharm — 1161 E Covina Blvd, Covina, CA 91724
- Unik beauty salon nails and spa — Grand Ave, Covina, CA 91724
- Konfident Kurves — 970 N Grand Ave, Covina, CA 91724
FAQs
What type of property is this?
Drug store - Freestanding pharmacy building on a C-4 zoned site with 45 surface parking spaces.
Where is this drug store located?
The property is located at 1010 Arrow Highway Covina, CA.
What is the asking price?
The asking price for this property is $3,993,600.
What are key features of this property?
This property features: Single‑tenant net‑leased Polaris Pharmacy property with over two years of remaining lease term; Freestanding 9,590 SF building on approximately 0.88 acres with 45 surface parking spaces; 4% annual rental increases as part of the existing lease
