1400 E Grand Avenue

Arroyo Grande, CA 93420

PRICE REDUCED

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-$480,000 (-8.03%)

$5,495,000

List Price

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1982

calendar_month Built

Property 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

List Price $5,495,000
Status Active
MLS PI24073658
Type Commercial
Subtype Retail
Year Built 1982
Lot Size 109,771
Structure Size N/A
DOM 211
Courtesy Of Allan Real Estate Investments
Listing Agent Dennis Allan DRE#00961923
Co-Listing Agent John Cole DRE#01939498

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
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Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Dennis Allan, John Cole, Allan Real Estate Investments 805-473-7500. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 13th, 2024 at 7:18 PM 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.