1400 E Grand Avenue
Arroyo Grande, CA 93420
$5,975,000
Baths:
Sq. Ft.: N/A
Type: Commercial
Listing #PI24073658
High profile Arroyo Grande location with a quality retail NNN leased investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offering is 100% occupied and consists of 14 suites totaling 26,750 leasable square feet located on both sides of the Smart & Final market. The shopping center is co-anchored by Dollar Tree and Smart & Final which are not included in this offering. The shopping center has abundant parking and is a host to a weekly farmers market. The diversified tenant mix attracts a strong traffic flow to this friendly neighborhood shopping center. This investment provides a mix of internet resistant businesses and includes many long term tenants. Exterior tenant signage, ceiling lights and exterior lighting have been upgraded to LED. Other improvements include the replacement of 21 HVAC units in 2014/2015. A new roof and roof hatch were installed on the western parcel in October of 2023. There is potential for further development of a mixed use project on a portion of the parking area.
Property Features
County: San Luis Obispo
MLS Area: Arroyo Grande
Directions: Shopping center is on the corner of Courtland and Grand.
Laundry: None
Roof: Flat
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Has Garage: No
Fencing: Block, Chain Link
Lot Description: Street Level
Lot Size in Acres: 2.52
Lot Size in Sq. Ft.: 109,771
Building Total Area (Sq. Ft.): 26,750
Property Type: COM
Property SubType: Retail
Year Built: 1982
APN: 077341073
Status: Active
HOA Fee: $0
Tax Year: 2023
Lot Square Feet Source: Public Records
Days on Market: 1
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This listing is courtesy of Dennis Allan Allan Real Estate Investments
(CA BRE # shown above if in IDX data)
(CA BRE # shown above if in IDX data)
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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate. Sale information is for personal and informational purposes only and is not an indication of a market analysis or an appraisal. Source MLSs include California Regional Multiple Listing Service, Inc. (CRMLS).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate. Sale information is for personal and informational purposes only and is not an indication of a market analysis or an appraisal. Source MLSs include California Regional Multiple Listing Service, Inc. (CRMLS).
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