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Property profile & analytics
FOR SALE
Drug stores

837 West Arrow Hwy Covina, CA 91722

9,600 SF Built 1982
Property ID
US09-Q032443
Property summary
AI-generated overview

The Ovaness-Rostamian Group is proud to present an opportunity to acquire a single-tenant, net-leased Polaris Pharmacy property located at 837 W Arrow Highway in Glendora, California. The asset is fully leased to Polaris Pharmacy Services, a nationally expanding healthcare operator with more than 20 locations across the United States, serving long-term care, specialty pharmacy, and post-acute healthcare sectors. The lease features approximately two years of remaining term and includes 4% annual rental increases, providing built-in income growth. The property consists of a freestanding ±9,600-square-foot flex R&D building situated on approximately ±0.77 acres, offering a functional and adaptable layout suited for a variety of commercial uses. The building configuration, combined with flexible zoning, supports a wide range of potential applications, including healthcare, laboratory, office, flex industrial, and specialty commercial operations. The site is further enhanced by ample on-site parking with 24 surface spaces, providing convenience for employees and visitors alike. Strategically positioned within the San Gabriel Valley along the highly accessible Arrow Highway corridor, the property benefits from strong regional connectivity with convenient access to the I-10, SR-57, and I-210 freeways. This central location allows for efficient distribution and access throughout Los Angeles County and the Inland Empire, making it an attractive long-term investment within a growing and essential healthcare sector.

Property profile
Verified
Property type Drug stores
Year built 1982
Total area 9,600 SF
UPID US09-Q032443
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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