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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 2.92 ac
- APN
- 093-490-001
- Assessed value · 2024
- $4,707,810
- Annual tax · 2024
- $52,599
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $52,599
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Lompoc market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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