1408 N H St - Department Store FOR SALE


Lompoc, CA 93436- Greater Lompoc
$4,978,000 USD
949-903-3399
1408 N H St, Lompoc, CA for Sale
$4,978,000 USD
Department Store - FOR SALE
1/5
null | 6.35% Cap Rate

1408 N H St
Lompoc, CA 93436
Greater Lompoc


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,978,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ross Dress for Less

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

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

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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