1168 W Branch St Arroyo Grande, CA 93420
For Lease
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Five Cities Center, located at 1168 W Branch St, Arroyo Grande, CA 93420, presents a significant retail investment opportunity in San Luis Obispo County. This 350,050 square foot strip center boasts a dominant position as a power center in the southern San Luis Obispo County trade area, anchored by nationally recognized tenants including Walmart (a top 1% national performer in annual visitors), Marshall's, Trader Joe's, Petco, and Food 4 Less. The center also includes a diverse mix of restaurants and other retailers, catering to Arroyo Grande and surrounding communities. Currently, there is 22,746 square feet of vacant space available, offering flexible options for prospective tenants. Spaces range from a minimum divisible unit of 1,233 square feet to a maximum contiguous space of 9,411 square feet, including a 24,000 square foot anchor space with end cap availability. The property provides ample parking with a 5 spaces per 1,000 square feet ratio. This high-traffic, well-established center offers exceptional visibility and access, making it an ideal location for businesses seeking strong growth potential in a thriving market. In-line opportunities are also available. Contact us today to learn more about this exceptional retail investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Arroyo Grande, CAArroyo Grande. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.