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 Details
Price:
$5,975,000
MLS #:
PI24073658
Status:
Active
Baths:
0
Address:
1400 E Grand Avenue
Type:
Commercial
Subtype:
Retail
Neighborhood:
arrgarroyogrande
City:
Arroyo Grande
Listed Date:
Apr 18, 2024
State:
CA
ZIP:
93420
Year Built:
1982
See this Listing
Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Schools
Interior
Exterior
Fencing
Block, Chain Link
Roof
Flat
Stories Total
1
Water Source
Public
Financial
Buyer Agent Compensation
2.000
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1400 E Grand Avenue Arroyo Grande CA
- AreaARRG – Arroyo Grande
- CityArroyo Grande
- CountySan Luis Obispo
- Zip Code93420
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Courtesy of Allan Real Estate Investments. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1400 E Grand Avenue
Arroyo Grande, CA
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