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Freestanding Retail Building in Arroyo Grande
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1650 E Grand Ave, Arroyo Grande, CA

Former Rite Aid building in high-traffic area near US-101.

Space Size16,320 SF
Lot Size2.58 Acres
Days on Market311

Property Features for 1650 E Grand Ave

General Information

Standard status Active
Size 16,320 SF
Lot size 2.58 Acres
Property subtype RETAIL

Spaces For Lease

at 1650 E Grand Ave
1690 E Grand Ave AVAILABLE, Now
Floor Bldg
Size 16,320 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Introducing the former Rite Aid building, a 16,320 SF freestanding retail asset situated at the signalized intersection of E. Grand Ave and Halcyon Rd; one of the most highly trafficked corridors in Arroyo Grande trade area. Positioned within close proximity to US-101 and surrounded by national retailers including Walmart, CVS, Starbucks, and Food 4 Less, this property offers exceptional visibility, ingress/egress, and consumer draw.
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Listing Agency: Lee & Associates | Los Olivos
Listed By: Austin Jackson · License #02252146
Source: Moodyscre
Added: Nov 24, 2025 Changed: Oct 1 Last Checked: Oct 1 at 1:09PM

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 Lee & Associates | Los Olivos

Investment Insights

Based on property information with market context.

The property is a 16,320 square foot freestanding retail building, formerly a Rite Aid. It is located at the signalized intersection of E. Grand Ave and Halcyon Rd, described as a highly trafficked corridor in the Arroyo Grande trade area. The property is positioned in close proximity to US-101 and is surrounded by national retailers including Walmart, CVS, Starbucks, and Food 4 Less. The location offers visibility and consumer draw, as well as ingress and egress.

Key Highlights

  • High‑traffic location at the signalized intersection of E. Grand Ave and Halcyon Rd.
  • Freestanding retail building with 16,320 SF of space.
  • Excellent visibility and easy ingress/egress**.

Property Analytics

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Current Use

Drug stores

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop HVAC Service Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,104
Businesses Nearby
343k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 42% Groceries 29% Shops & Services 26% Apparel 3%
VONS Groceries
57,087 visits/mo 0.2 miles
Dollar Tree Shops & Services
29,929 visits/mo 0.2 miles
Smart & Final Groceries
23,580 visits/mo 0.1 miles
Dutch Bros. Coffee Dining
21,896 visits/mo 0.3 miles
Starbucks Dining
18,370 visits/mo 0.4 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Similar Off Market Nearby

  • Ayman Mohsen — Rite Aid Pharmacy, 1207 E Grand Ave, Arroyo Grande, CA 934202419
  • Rite Aid Pharmacy — 1207 E Grand Ave, Arroyo Grande, CA 93420
  • Jerry Shapazian — 1051 E Grand Ave, Arroyo Grande, CA 934202504
  • Lynnette Borgman, PharmD — 1051 E Grand Ave, Arroyo Grande, CA 93420
  • Kathryn T. Andrusko-Furphy, PHARMD — 1400 W Grand Ave, Grover Beach, CA 93433

Frequently Asked Questions

What type of property is this?
Drug store - Former Rite Aid building in high-traffic area near US-101.
Where is this drug store located?
The property is located at 1650 E Grand Ave Arroyo Grande, CA.
What are key features of this property?
This property features: High‑traffic location at the signalized intersection of E. Grand Ave and Halcyon Rd.; Freestanding retail building with **16,320 SF of space**.; Excellent visibility and easy ingress/egress**.
(805) 698-7135 Call to check price and availability
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