1400 E Grand Avenue
Arroyo Grande, CA 93420
$480,000.00 (-8.03%)
Active for $5,495,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 109,771 sqft
| MLS | PI24073658 |
| Year Built | 1982 |
| Property Type | Retail |
| County | San Luis Obispo |
| Status | Active |
| Active | $5,495,000 |
| Structure Size | N/A sqft |
| Lot Size | 109,771 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Dennis Allan, Allan Real Estate Investments 805-473-7500. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Karl Markarian
REALTOR®
Direct: 818.433.0548
Email: Email Me
DRE: 01932970
DRE #01873088
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