Arroyo Grande, CA 93420 1400 E Grand Avenue

1400 E Grand Avenue Arroyo Grande, Ca - Image 11400 E Grand Avenue Arroyo Grande, Ca - Image 21400 E Grand Avenue Arroyo Grande, Ca - Image 3
31 more
1400 E Grand Avenue Arroyo Grande, Ca - Image 41400 E Grand Avenue Arroyo Grande, Ca - Image 51400 E Grand Avenue Arroyo Grande, Ca - Image 61400 E Grand Avenue Arroyo Grande, Ca - Image 71400 E Grand Avenue Arroyo Grande, Ca - Image 81400 E Grand Avenue Arroyo Grande, Ca - Image 91400 E Grand Avenue Arroyo Grande, Ca - Image 101400 E Grand Avenue Arroyo Grande, Ca - Image 111400 E Grand Avenue Arroyo Grande, Ca - Image 121400 E Grand Avenue Arroyo Grande, Ca - Image 131400 E Grand Avenue Arroyo Grande, Ca - Image 141400 E Grand Avenue Arroyo Grande, Ca - Image 151400 E Grand Avenue Arroyo Grande, Ca - Image 161400 E Grand Avenue Arroyo Grande, Ca - Image 171400 E Grand Avenue Arroyo Grande, Ca - Image 181400 E Grand Avenue Arroyo Grande, Ca - Image 191400 E Grand Avenue Arroyo Grande, Ca - Image 201400 E Grand Avenue Arroyo Grande, Ca - Image 211400 E Grand Avenue Arroyo Grande, Ca - Image 221400 E Grand Avenue Arroyo Grande, Ca - Image 231400 E Grand Avenue Arroyo Grande, Ca - Image 241400 E Grand Avenue Arroyo Grande, Ca - Image 251400 E Grand Avenue Arroyo Grande, Ca - Image 261400 E Grand Avenue Arroyo Grande, Ca - Image 271400 E Grand Avenue Arroyo Grande, Ca - Image 281400 E Grand Avenue Arroyo Grande, Ca - Image 291400 E Grand Avenue Arroyo Grande, Ca - Image 301400 E Grand Avenue Arroyo Grande, Ca - Image 311400 E Grand Avenue Arroyo Grande, Ca - Image 321400 E Grand Avenue Arroyo Grande, Ca - Image 331400 E Grand Avenue Arroyo Grande, Ca - Image 341400 E Grand Avenue Arroyo Grande, Ca - Image 35
Presented By: Dennis Allan with Allan Real Estate Investments; dennis@allanrealestate.com
  • MLS# PI24073658
  • 04/18/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 26,750

Home Details

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.
Presented By: Dennis Allan with Allan Real Estate Investments; dennis@allanrealestate.com

Interior Features for 1400 E Grand Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 1400 E Grand Avenue

Additional Parcels Description077341086
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Y/NNo
CityArroyo Grande
CountySan Luis Obispo
Current FinancingNone
Days on Market1
DirectionsShopping center is on the corner of Courtland and Grand.
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet109771.0
MLS AreaARRG - Arroyo Grande
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameGrand
Tax Year2023
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Waterfront Y/NNo
Year Built1982
Year Built SourceAssessor

Exterior for 1400 E Grand Avenue

Building Area Total26750.0
Crops Included Y/NNo
FencingBlock, ChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres2.52
Lot Size Area109771.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,975,000
MLS#PI24073658
List Date 04/18/2024
Property Type Commercial
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 1400 E Grand Avenue