NNN Retail Investment
1026 E Grand Ave Arroyo Grande, CA 93420
1026 E Grand Ave, Arroyo Grande, CA, 93420
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For Sale
Contact for pricing
Fee simple retail property offered on a NNN lease with an expiration of April 30, 2035.
Property Size11,061 SF
Lot Size1.05 Acres
Price / SF$404.12
Days on Market142
Property Features for 1026 E Grand Ave
General Information
- Standard status
- Active
- Size
- 11,061 SF
- Lot size
- 1.05 Acres
- Property subtype
- RETAIL
Listing agency
Investec Real Estate Companies
(805) 690-1017
Listed by
Crosby Slaught
Source
Moodyscre
Added: Mar 2 Updated: Jul 22 at 7:42AM Checked: Jul 22 at 7:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Investec Real Estate Companies
Investment Insights
Based on property information with market context.
This fee simple retail investment property is offered on a NNN lease structure. The building totals 11,061 square feet, with 45,647 square feet of land area included in the offering.
The current lease is scheduled to expire on April 30, 2035, with two (2) renewal options for five-year terms. The property is presented for sale as a long-term leased asset.
Per public remarks, the transaction is listed for $4,470,000 with a stated 5.50% cap rate and current rent of $245,554 per year. The property address is 1026 E Grand Ave, Arroyo Grande, CA 93420.
The current lease is scheduled to expire on April 30, 2035, with two (2) renewal options for five-year terms. The property is presented for sale as a long-term leased asset.
Per public remarks, the transaction is listed for $4,470,000 with a stated 5.50% cap rate and current rent of $245,554 per year. The property address is 1026 E Grand Ave, Arroyo Grande, CA 93420.
Key Highlights
- NNN retail property offered as fee simple ownership
- 11,061 SF total building area on 45,647 SF of land
- Current rent of $245,554 per year
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.5k | $24.00 |
| − Vacancy | −$8.8k | −$0.79 |
| EGI | $256.7k | $23.21 |
| − OpEx | −$77.0k | −$6.96 |
| NOI | $179.7k | $16.25 |
11,061 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $2.99M
NOI $179,693 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.35M
$3.81M – $5.08M
NOI $304,508 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Fee simple retail property offered on a NNN lease with an expiration of April 30, 2035.
Where is this nnn property located?
The property is located at 1026 E Grand Ave Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $4,470,000.
What are key features of this property?
This property features: NNN retail property offered as fee simple ownership; 11,061 SF total building area on 45,647 SF of land; Current rent of $245,554 per year
