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1400 E Grand Avenue

Arroyo Grande, CA 93420
  • $5,675,000
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: PI24073658
UPDATED: 59 min ago
$5,675,000
  • 0
    BEDS
  • 2.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1982
County:

School Ratings & Info

Listing Agent(s): Dennis Allan of Allan Real Estate Investments (805-473-7500) and John Cole of Allan Real Estate Investments(805-473-7500)


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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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T22:31:23.88. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/149539361
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1400 E Grand Avenue Arroyo Grande, CA 93420

  • Price: $5,675,000
  • Status: Active
  • On Site: 167 Days
  • Updated: 59 min ago
  • ID#: PI24073658
0
Beds
0
Baths
0
½ Baths
2.52
Acres
1982
Built
Neighborhood:
ARRG - Arroyo Grande
County:
San Luis Obispo
Area:
ARRG - Arroyo Grande
Property 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.
Exterior Features

Entry Level 1 Fencing BlockChain Link Lot Features Street Level Roof Flat Sign On Property YN No

Property Features

Additional Parcels YN Yes Cap Rate 6.08 Common Interest None Current Financing None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 345 Property Sub Type Retail Special Listing Conditions Standard Tax Year 2023 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T22:31:23.88. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
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Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): Dennis Allan of Allan Real Estate Investments (805-473-7500) and John Cole of Allan Real Estate Investments(805-473-7500)