Coastal Grocery Anchored Shopping Center with Starbucks Pad

Essential CRE is pleased to present the opportunity to acquire the feel simple interest in The Oak Park Plaza, a dominant shopping center located in Arroyo Grande, CA anchored by Grocery Outlet, True Value Hardware, Planet Fitness, Flooring Liquidators, Cal Coast Carpet & Flooring and Starbucks on a drive-thru pad. The subject property is 85,564 square feet, resides on 6.4 acres of land and is strategically positioned on the corner of West Branch Street and Oak Park Boulevard. This site greatly benefits from Highway 101 visibility, nearby on/off-ramp access, and close proximity to robust retail corridors to the north and south. This offering represents a rare opportunity to acquire a high-quality shopping center in California's central coast with significant geographic boundaries to enter within the immediate trade area.

HIGH IMAGE RETAIL - Rare opportunity to acquire grocery anchored shopping center in supply restricted market. More than 70,100 vehicles per day travel along Highway 101, and an additional 19,000 ADT on Oak Park Blvd.
REGIONAL RETAIL HUB - Nearby retailers include: Walmart, Food-4-Less, Marshall’s, Trader Joe’s, Petco, Pier One, Office Max, OSH, CVS, Ross Dress for Less, Big 5, Panera Bread and Carl's Jr.
AFFLUENT DEMOGRAPHICS - 1 mile Average Household Income exceeding $100,000 with a 3 mile population of 46,818 residents.

Arroyo Grande is a small coastal town located in San Luis Obispo County just inland from the Pacific Ocean. It is one of the cities on the Central Coast known as the “Five Cities” that currently include Arroyo Grande, Grover Beach, Oceano, Pismo Beach, and Shell Beach. Arroyo Grande is 14 miles NW of Santa Maria, California (center to center) and 121 miles SW of Fresno, California. The city benefits from easy access to the nearby cities and towns with which it shares the San Luis Obispo - Atascadero - Paso Robles metropolitan area. With a thriving economy, the city’s future job growth is expected to outpace the U.S. average. Top employers include Dignity Health, Arroyo Grande Community Hospital, VCA Animal Hospital, TransUnion, Cal Poly, Amazon, and Rabobank.
Arroyo Grande has a combination of suburban, rural and historic elements and it is known for its charming and walkable downtown with historic Victorian buildings, small boutiques, and golf. With beautiful weather year round, Arroyo Grande has an abundance of biking and hiking trails. There is endless access to outdoor activities including surfing, biking, golfing, horseback riding, paddle boarding, and kayaking. It is also home to many premium quality wineries.