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Listed by Dennis Allan • Allan Real Estate Investments
$5,495,000
Est. payment /mo
Active
1400 East Grand Avenue Arroyo Grande, CA 93420
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UPDATED:
12/13/2024 01:35 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI-24073658
Year Built 1982
Tax Year 2023
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.
Location
State CA
County San Luis Obispo
Interior
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Level with Street
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