Address
1360 E Grand Avenue Arroyo Grande, CA
Price
$ 1,240,000
Property Attributes
  • MLS#SP18049267
  • TypeCommercial
  • CountySAN LUIS OBISPO
  • CityArroyo Grande
  • AreaArroyo Grande
  • Zip93420
  • StyleBusiness
  • Price$ 1,240,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3375
Listing Provided Courtesy Of:
Brenda Benninghoff with R. Poltl & Associates, Inc..
Property Description

Modified NNN CREDIT TENANT LEASE INVESTMENT: 3,375 square foot retail building located in the City of Arroyo Grande. Currently, the property is 100.0% leased and occupied. Access and commercial exposure of the subject is good due to its direct frontage along East Grand Avenue, a main arterial within the trade area. The subject is a freestanding bank branch building with a drive-thru that is located within a larger neighborhood center anchored by Smart & Final and Dollar Tree. The subject building includes one walk-up ATM at the building entrance and a drive-thru window at the rear of the building. The subject is accessible via curb cuts along both East Grand Avenue and Courtland Street. Tenant Lease Information: Modified NNN Lease (tenant pays for taxes, insurance; and Landlord and Tenant pay for certain maintenance expenses). Minimum rent $4,565.70 per month with 2% annual increases. The current Tenant has occupied the building since 2011 on an original 5-year lease that expired October 31, 2016. Tenant exercised their first of three Five year options, which shall expire October 31, 2021.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/2/2018 Listed $1,240,000

General Features

Listagentstatelicense 01707505
Listing Agent Brenda Benninghoff - BRE#01707505
MLS Area ARRG - Arroyo Grande
Price Per Square Foot 367.41
Property SubType Business
Property Type Commercial Sale
Special Listing Conditions Standard

Interior Features

Air Conditioning Y/N 1
Condoareaunits Square Feet
Heating Forced Air
Heating Y/N 1
Laundry Features None

Exterior Features

Building Area Total 3375.00
Construction Materials Concrete, Wood Siding
Land Use Retail
Lot Size Source Appraiser
Number of Buildings 1
Parking Ratio 4.44
Roof Composition
Total Parking 15.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93420

Price
AVG $1.67M
$1.24M
Visits
AVG 6
2
Year Built
AVG 1985
1981
Walkscore
AVG 67
80

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