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Daina Burness
FOR SALE
$5,975,000

1400 E Grand Avenue
Arroyo Grande, CA 93420

Retail, Business Opportunities
Commercial
26,750
Sq. Ft.
2.52
Acre Lot
Listing Agent: Dennis Allan - Allan Real Estate Investments, dennis@allanrealestate.com; dennis@allanrealestate.com
Home> California> Arroyo Grande> 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.
PI24073658
Commercial - Retail, Business Opportunities, 1 Story
1982
San Luis Obispo
2.52 Acres
Public
1
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Dennis Allan - Allan Real Estate Investments, dennis@allanrealestate.com; dennis@allanrealestate.com
Licensed in: DRE# 00961923
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