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1400 E Grand AvenueArroyo Grande, CA 93420Price: $5,975,000

  • Price: $5,975,000
  • 35 Days on Market
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Federal 30-year interest rate: 7.02% last updated on May 16, 2024
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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $5,975,000List Price
  • 2.52Acreage
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.
Listed by Dennis Allan of Allan Real Estate Investments (dennis@allanrealestate.com)

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Based on information submitted to CRMLS as of May 23, 2024 8:24 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details

Property Details of 1400 E Grand Avenue

Property Details

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