1466-1488 E Grand Ave - Storefront FOR SALE


Arroyo Grande, CA 93420
$5,495,000 USD
805-441-4434
1466-1488 E Grand Ave, Arroyo Grande, CA for Sale
$5,495,000 USD
Storefront - FOR SALE
1/15
null | 6.28% Cap Rate

1466-1488 E Grand Ave
Arroyo Grande, CA 93420


HIGHLIGHTS

  • Hi traffic count popular local shopping center

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arroyo Town and Country Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

GMU

APN/PARCEL ID

077-341-073,077-341-086

ASK ABOUT THIS PROPERTY

Dennis AllanAllan Real Estate InvestmentsMore Info
805-441-4434

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Dennis AllanAllan Real Estate InvestmentsMore Info
805-441-4434

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.