1408 H St, Lompoc, CA 93436-3310
- Retail properties & Spaces
- 2.92 lot acres
Current Use by Public Records
- Ross Dress for Less / Clothing Store / Department Store
Property Details for 1408 H St
- Lot size
- 2.92 lot acres
- Property type
- Retail properties & Spaces
- APN
- 093-490-001
- APU
- 93490001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 10, 2021 | — | Kasa Realty LLC | — | Deed · related | $2.5M · Wells Fargo Bank NA |
| Jul 13, 2021 | $4,525,000 | Kasa Realty LLC | Niki Investments Rl LP | Grant Deed | — |
| Mar 9, 2018 | — | Niki Investments Rl LP | — | Deed · related | $2.5M · Umpqua Bank |
| Jan 31, 2017 | — | Niki Investments Rl LP | Granite Peak Property Investme | Quit Claim Deed | — |
| Jul 1, 2014 | $3,550,000 | Granite Peak Property Investme | Lompoc-ross Properties LLC | Grant Deed | — |
| Mar 12, 2008 | — | Lompoc-ross Properties LLC | Everett William S Trust | Grant Deed | $2M · American Fidelity Assurance Co |
| Mar 27, 2003 | — | Everett,tr | Lompoc,prec | Grant Deed · related | — |
| Oct 31, 2002 | $1,550,000 | Prec I Lompoc LLC | J C Penney Corp INC | Grant Deed | $1.6M · Wood Trust |
| Jun 30, 1995 | — | J C Penney Co INC | Pay Less Drug Stores Northwest | Grant Deed · related | — |
| — | — | Everett William S Trust | — | Deed Of Trust · related | $2M · American Fidelity Assurance Co |
| — | — | Lompoc-ross Properties LLC | — | Deed Of Trust · related | $1.7M · First Enterprise Bank |
| — | — | Granite Peak Property Investme | — | Deed Of Trust · related | $2.3M · Rabobank |
| — | — | Everett,tr | — | Deed Of Trust · related | $2M · Mid-state Bank & Trust Co |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,115,000
- ML approach
- $4,150,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
