1400 Grand Avenue, Arroyo Grande, CA 93420
  • MLS#: PI24073658 ( Retail )
  • Street Address: 1400 Grand Avenue
  • Viewed: 1
  • Price: $5,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 0
  • Days On Market: 211
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: Arroyo Grande
  • Zipcode: 93420
  • Provided by: Allan Real Estate Investments
  • Contact: Dennis Dennis
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    High profile fully leased NNN investment. Arroyo Town and Country Shopping Center is located near the signalized corner of East Grand Avenue and Courtland Street. The offeringconsists 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. Thisinvestmentprovides 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. The parking lot was upgraded in September, 2024. There is potential for further development of a mixed use project on a portion of the parking area.
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Features
Accountingtype
  1. Actual
Additional Parcels Description
  1. 077341086
Assetclass
  1. Retail
Building Area Total
  1. 26750.00
Commoninterest
  1. None
Country
  1. US
Current Financing
  1. None
Current Use
  1. Commercial
Fencing
  1. Block
  2. Chain Link
Land Use
  1. Retail
Laundry Features
  1. None
Netoperatingincome
  1. 345.00
Parcel Number
  1. 077341073
Property Type
  1. Retail
Roof
  1. Flat
Signage
  1. Sign Freestanding
  2. Sign on Building
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Water Source
  1. Public
Year Built
  1. 1982
Year Built Source
  1. Assessor