$223.36 Per Sq Foot $32,075 est/mo Sourced by Back At You

1400 E Grand Avenue,Arroyo Grande, CA 93420

Arroyo Grande CA, 93420

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

Details

MLS#PI24073658
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1982
Days On Site35
Listing Provided ByAllan Real Estate Investments 805-473-7500 | Dennis Allan

Features

SQ Feet26,750
Story(s)1
Acreage2.52

Market Activity 93420

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 4 minutes ago
StateCA
CountySan Luis Obispo
CityArroyo Grande
Zip Code93420
AreaARRG Arroyo Grande
Listing VS Median (in 93420)
Price:
$5,975,000
low | high
Med:
$3,425,000
92.677824267782% of Average
SqFt:
26,750
low | high
Med:
17,000
86.448598130841% of Average
$ / SqFt:
$223
low | high
Med:
$219
51.896316723723% of Average
On Site:
35
low | high
Med:
711.500000
4.919184820801% of Average
Sourced by Back At You
Listing Updated: April 19, 2024 at 1:23:24 PM PDT