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Closed
- Listed price
- $1,240,000
- Listed Feb 22, 2018
- Sold price
- $759,000
- Sold Aug 30, 2018
16,800 sqft lot|1981 Built|165 MLS days on market
1360 E Grand Ave, Arroyo Grande, CA 93420
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 $4,750.15 per month to 10/31/18, $4,845.00 as of 11/01/18. 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.
Listing agent: Brenda BenninghoffDRE #01707505brenda@rpoltl.com, Listing office: R. Poltl & Associates, Inc.
MLS data updated 11/2/2026, 12:51:24 PM PT
Source: CRMLSMLS #: SP18049267
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$759,000
Aug 30, 2018
Available records22018
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93420 · Nov 2026
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ZIP 93420 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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