1360 E Grand Avenue

    Arroyo Grande, CA 93420
    • $1,240,000
    • STATUS: Active
    • ON SITE: 108 days
    • ID#: SP18049267
    UPDATED: 42 min ago
    $1,240,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,375
      SQFT
    • $367
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1981
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T09:27:35.127. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.pismohomes.com/homes/81237474

    1360 E Grand Avenue Arroyo Grande, CA 93420

    • Price: $1,240,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: SP18049267
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    3,375
    SQFT
    $367
    $/SQFT
    1981
    Built
    Neighborhood:
    ARRG - Arroyo Grande
    County:
    San Luis Obispo
    Area:
    ARRG - Arroyo Grande
    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.
    Exterior Features

    Construction Materials ConcreteWood Siding Lot Features Lot 10000-19999 Sqft Lot Size Source Appraiser Lot Size Units Square Feet Parking Ratio 4.44 Parking Total 15.00 Roof Composition

    Interior Features

    Condo Area Units Square Feet Cooling Central Cooling YN Yes Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Business Retail Center Type Community/Specialty Special Listing Conditions Standard Water Source Public Year Built Source Appraiser

    Listing provided courtesy of Brenda Benninghoff of R. Poltl & Associates, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T09:27:35.127. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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