1404-1460 E Grand Ave - Storefront FOR SALE


Arroyo Grande, CA 93420- Arroyo Grande/Nipomo
$5,320,000 USD
240-778-9714
1404-1460 E Grand Ave, Arroyo Grande, CA for Sale
$5,320,000 USD
Storefront - FOR SALE
1/47
null | 6.76% Cap Rate

1404-1460 E Grand Ave
Arroyo Grande, CA 93420
Arroyo Grande/Nipomo


HIGHLIGHTS

  • Fully Leased to Long-Term Local Tenants + Supported by National Shadow Anchors.
  • Prime Retail Corner on California’s Central Coast.
  • Immediate High-Yield Cash Flow + Long-Term Upside.
  • Affluent Demographics + Accelerating Real Estate Values.
  • Recent Capital Improvements + Value-Add Potential.

OVERVIEW

Allure Capital Management, Corp. is pleased to present a rare opportunity to acquire Arroyo Town & Country Square, a ±26,750 square foot multi-tenant neighborhood shopping center located at 1404–1460 & 1466–1488 E Grand Avenue in Arroyo Grande, California—an affluent Central Coast community. Strategically positioned at the signalized intersection of East Grand Avenue and Courtland Street, the Property sits on 2.52 acres and enjoys high visibility, excellent access, and abundant surface parking. The center is 100% leased to a diverse mix of 13 internet-resistant, service-oriented tenants, most of whom are local business owners with deep roots in the community. Impressively, 12 of the 13 tenants operate under triple-net (NNN) leases, and the Property maintains a weighted average lease term (WALT) of approximately 2.32 years, with most tenants holding renewal options. Anchored by Smart & Final and Dollar Tree—both on long-term leases—the Property benefits from strong co-tenancy and steady foot traffic. This high-performing retail environment is enhanced by its location along a major commercial corridor in a supply-constrained, high-income submarket. Arroyo Grande is home to over 18,000 residents, with an average household income of $110,000 and high homeownership rates. The city is part of the broader San Luis Obispo County region, known for its strong tourism, stable population growth, and exceptional quality of life—all of which support consistent year-round retail demand. This offering provides investors with the chance to acquire a fully stabilized, income-producing retail asset in one of California’s most desirable, high-barrier-to-entry markets. With strong tenant retention, national shadow anchors, and a location that checks every box for visibility, access, and long-term demand, Arroyo Town & Country Square represents a dependable, yield-focused investment on the Central Coast.

FOR SALE DETAILS

PRICE

$5,320,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

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

Connor MartinAllure Capital Management CorpMore Info
240-778-9714

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Connor MartinAllure Capital Management CorpMore Info
240-778-9714

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