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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com
DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com
DRE# 01787685
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1400 E Grand Avenue,  Arroyo Grande CA, 93420

(Active)
$5,975,000
|
26,750 sqft
|
MLS# PI24073658
Last Updated: 5/16/2024 10:32 PM
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.
Price
$5,975,000
San Luis Obispo
26,750 (approx)
PI24073658
Active
Description
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.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
2.52 Acres Public Records 26,750 (approx)
1982 1
Public
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Neighborhood
Room Information
None
Exterior / Lot Features
0 Covered Parking Spaces,
Flat
Block,Chain Link
Street Level
Driving Directions
Shopping center is on the corner of Courtland and Grand.
Financial Considerations
077341073
Cash,Cash to New Loan,1031 Exchange
Listing Price History

Arroyo Grande Real Estate

Arroyo Grande is located in California. Arroyo Grande, California 93420 has a population of 17,885.

The median household income in Arroyo Grande, California 93420 is $90,457. The median household income for the surrounding county is $77,840 compared to the national median of $66,222. The median age of people living in Arroyo Grande 93420 is 40 years.

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Listing Agent: Dennis Allan CalDRE: 00961923 - Allan Real Estate Investments, dennis@allanrealestate.com
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/16/2024 10:32 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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