1408 H St Lompoc, CA 93436-3310

Property Details for 1408 H St

Lot size

2.92 lot acres

Property type

Retail properties

APN

093-490-001

APU

93490001

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, Class A retail property in Lompoc, California. The 31,650 square foot building is 100% occupied by a credit-rated Ross Dress for Less, operating under a Net Lease (NN+) agreement with 4.2 years remaining on the primary lease term, plus a five-year option. The property sits on a 2.9-acre lot within the #1 busiest shopping center in Lompoc (per Placer.ai), boasting high visibility at a major commercial intersection with 44,000+ cars per day. The lease features built-in rent bumps of $1.00 per square foot every five years, including option periods, offering significant long-term value appreciation. The current NOI is $316,080, resulting in a 6.50% cap rate at an asking price of $4,862,000 ($153.62/sq ft). The property benefits from strong surrounding demographics, with average household incomes exceeding $111,000. Additional nearby retailers include Walmart, Albertsons, and Tractor Supply. This is a rare opportunity to acquire a well-located, stable, and high-performing retail investment with substantial upside potential. The property's location within a thriving shopping center, coupled with the strong tenant and lease terms, makes this an attractive investment for discerning buyers. The lease commenced October 21, 2002, and is set to expire January 30, 2029. The property's APN is 093-490-001.

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Longitude

-120.456

Latitude

34.6613

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments