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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.
Property Type(s):
Commercial
| Last Updated | 11/14/2024 | Year Built | 1982 |
|---|---|---|---|
| Community | Arroyo Grande | County | San Luis Obispo |
Price History
| Prior to Jun 28, '24 | $5,975,000 |
|---|---|
| Jun 28, '24 - Sep 20, '24 | $5,875,000 |
| Sep 20, '24 - Nov 14, '24 | $5,675,000 |
| Nov 14, '24 - Today | $5,495,000 |
Additional Details
| AREA | Arroyo Grande |
|---|---|
| LOT | 2.52 acre(s) |
| LOT DESCRIPTION | Street Level |
| STORIES | 1 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Public |
Location
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Listed with Allan Real Estate Investments
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