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.