1408 N H St - Department Store FOR SALE


Lompoc, CA 93436
$4,862,000 USD
949-688-1280
1408 N H St, Lompoc, CA for Sale
$4,862,000 USD
Department Store - FOR SALE
1/4
null | 6.5% Cap Rate

1408 N H St
Lompoc, CA 93436


HIGHLIGHTS

  • #1 Busiest Shopping Center in Market
  • 22-Year Operating History at the Site
  • Low Rent Big Box Deal

OVERVIEW

• Single-Tenant Ross Dress for Less: ° Corporate guaranteed lease by nation’s largest off-price retailer (Ross Stores, Inc.) ° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor ° 4.4-years remaining on Primary Lease Term, with one (1), 5-year Options ° Rare rental increases of $1/PSF every 5 years, including options ° Mission Plaza Shopping Center is the #1 Busiest Shopping Center in Lompoc (Placer.ai) • About Ross Dress for Less: ° Ross Stores, Inc. (NASDAQ: ROST) ° 1,764 stores spread across 43 states in North Americas & additionally operating 345 dd’s DISCOUNTS® stores in 22 states ° S&P 500, Fortune 500, and Nasdaq-100 company ° Investment Grade Tenant (BBB+ S&P, Moody’s A2) ° $20.4 billion in reported revenue for 2023 ° Close to 75 Years of Operational Experience • Rare Single Tenant End Cap to High Performing Albertsons Anchored Shopping Center: The #1 busiest center in Lompoc (Placer.ai) • Long-Term, Well-Established Location: Ross has been committed to this site for over 22 years • Low Rent Big Box Deal at $10 PSF, Potential for Future Upside • Multi-Access Shopping Center: Mission Plaza Shopping Center allows for various points of ingress & egress access to the site • #1 Busiest Signalized Intersection in Lompoc (44,000+ CPD) • Affluent Average Household Incomes of $111,000 in the Surrounding Trade Area • Primary Commercial Node: Located in the major commercial artery of the trade area ° Shopping Center Pad Tenants include Starbucks, Taco Bell, Circle K, and Chase Bank ° Nearby retailers include Walmart, Big 5 Sporting Goods & Tractor Supply

FOR SALE DETAILS

PRICE

$4,862,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ross Dress for Less

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

2.92 AC

LAND SF

127,195 SF

ZONING

PCD

APN/PARCEL ID

093-490-001

ASK ABOUT THIS PROPERTY

Jonathan SchifferRealSource GroupMore Info
949-688-1280

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Jonathan SchifferRealSource GroupMore Info
949-688-1280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.