Strong Corporate National Tenant | Rare Single Tenant End Cap
• Ross Dress for Less has a 22-year successful presence at this location.
• Corporate-guaranteed lease backed by Ross Stores, Inc., an S&P 500, Fortune 500, and Nasdaq-100 company.
• Strong credit ratings: “BBB+” (S&P) and “A2” (Moody’s).
• Largest off-price fashion retailer in the U.S. with 1,847 locations nationwide.
• Reported 2024 revenue of $21.1 billion.
NN | Limited Landlord Responsibilities
• Corporate guaranteed net lease with limited landlord obligations.
• Tenant covers utilities, taxes, and insurance.
• Landlord responsible for Common Area Maintenance (CAM) with reimbursement, plus roof, structure, HVAC, and parking lot.
• Rare $1 per square foot fixed rental increases in option periods provide a hedge against inflation.
Strong Market and Demographics | Central Location Near Employers, Retailers, and Community Hubs
• Located in Mission Plaza Shopping Center, Lompoc’s busiest retail center.
• Positioned at a high-traffic signalized intersection with 44,000 ADT.
• Surrounded by major national retailers: Albertsons, Starbucks, Taco Bell, Circle K, Chase Bank, Walmart Supercenter, McDonald’s, 7-Eleven, and more.