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Jim, Justin and Vickie, Sales Associate
FOR SALE
$5,975,000
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1400 E Grand Avenue
Arroyo Grande, CA 93420

Retail, Business Opportunities
Residence
26,750
Sqft
2.52
Lot Size
Listing Agent: Dennis Allan CalDRE: 00961923 - Allan Real Estate Investments, [email protected]

Description for 1400 E Grand Avenue Arroyo Grande, CA 93420

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 andconsists 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. There is potential for further development of a mixed use project on a portion of the parking area.

Property Details

PI24073658
Retail, Business Opportunities, 1 Story
San Luis Obispo
1982
2.52 Acres
Public
1
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Listing Agent: Dennis Allan CalDRE: 00961923 - Allan Real Estate Investments, [email protected]
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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