1400 E Grand Avenue
Arroyo Grande, CA 93420
2.52 acres | #PI24073658
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 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 Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- CountySan Luis Obispo
- Lot DescriptionStreetLevel
- Original List Price$5,975,000
- MLS #PI24073658
- MLS #PI24073658
- Property TypePurchase
- Cost5495000
- Utility SourcePublic
- Property SubtypeRetail
- Acres2.52
- Year Built1982
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Dennis Allan (#PI612730)
Listing Office: Allan Real Estate Investments (#PI2124)
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