Leased Retail Spaces For
1400-1488 E Grand Ave Arroyo Grande, CA
For Sale
Contact for pricing
100% leased retail spaces available in Arroyo Grande, CA.
Property Size26,750 SF
Lot Size9.26 Acres
Price / SF$198.88
Days on Market461
Property Features for 1400-1488 E Grand Ave
General Information
Standard status
Active
Size
26,750 SF
Lot size
9.26 Acres
Property subtype
RETAIL
Listing Agency:
Allure Capital Management
(949) 889-2019
Listed By:
Connor Martin · License #02152889
(949) 889-2019
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:06AM
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 Allure Capital Management
Investment Insights
Based on property information with market context.
Retail spaces are available for purchase in Arroyo Grande, California. The property features 100% leased retail spaces with 12 NNN (Triple Net Lease) and 1 MG (Modified Gross Lease). The property size is 26,750 square feet.
Key Highlights
- 100% Leased: Immediate income generation.
- Retail Spaces: Property designed and suited for retail businesses.
- NNN Leases: Primarily NNN leases, potentially reducing landlord responsibilities.
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 | $642.0k | $24.00 |
| − Vacancy | −$21.2k | −$0.79 |
| EGI | $620.8k | $23.21 |
| − OpEx | −$186.2k | −$6.96 |
| NOI | $434.6k | $16.25 |
26,750 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.21M
$5.43M – $7.24M
NOI $434,570 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$10.52M
$9.21M – $12.27M
NOI $736,425 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Arroyo Grande Center — 1255 E Grand Ave, Arroyo Grande, CA 93420
- Gateway Plaza — 1800 E Grand Ave l2, Grover Beach, CA 93433
- Arroyo Town and Country Square Shopping Center — Arroyo Grande, CA 93420
- Coinstar Kiosk - Bitcoin ATM — 1758 Grand Ave Safeway, Grover Beach, CA 93433
- Grand Plaza — Grover Beach, CA 93433
Frequently Asked Questions
What type of property is this?
Shopping center - 100% leased retail spaces available in Arroyo Grande, CA.
Where is this shopping center located?
The property is located at 1400-1488 E Grand Ave Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $5,320,000.
What are key features of this property?
This property features: 100% Leased: Immediate income generation.; Retail Spaces: Property designed and suited for retail businesses.; NNN Leases: Primarily NNN leases, potentially reducing landlord responsibilities.
