$5,675,000
Active
39 Days Online
0 Beds0 Baths26,750 SQFT
Active

1400 E Grand Avenue Arroyo Grande, CA 93420

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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 offering 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. 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.

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountySan Luis Obispo
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site39 Days
  • MLS StatusActive
  • MLS ID NumberPI24073658
  • Home Size Source N/A
  • Year Built1982
  • Lot Size2.52 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Number of Stories 1
  • Acreage 2.52
  • Water Public
  • Property Sub Type Retail
  • Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Listing Conditions Standard

Interior Features

  • Laundry Features None

Exterior Features

  • Roof Flat
  • Fencing BlockChain Link
  • Lot Level with Street

Community Features

  • MLS Area ARRG - Arroyo Grande

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Monthly Payment (Est.)

$27,454
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