1600 H St Lompoc, CA 93436-2819
- Retail properties
- 5.29 lot acres
Current Use by Public Records
- Emerald Title Loans Inc / Loan Agency
Property Details for 1600 H St
- Lot size
- 5.29 lot acres
- Property type
- Retail properties
- APN
- 093-490-005
- APU
- 93490005
Description
This exceptional investment opportunity presents a fee-simple ownership of a 62,038-square-foot Tractor Supply Company storefront in Lompoc, California. Located within the busiest shopping center in Lompoc, at the high-traffic intersection of Cabrillo Highway and Central Avenue (approximately 44,000 vehicles per day), this property benefits from a strong demographic area with over 50,000 residents within a 3-mile radius and an average household income of approximately $86,000. The 10-year net lease with Tractor Supply Company commenced August 30, 2024, and includes 5% rent increases every five years, along with options for four, five-year renewals. Tractor Supply Company, a publicly traded company (NASDAQ: TSCO) with an S&P credit rating of BBB, generated $14.6 billion in revenue in 2023. The building, recently renovated in 2024, features a new roof installed in 2020 with a remaining 10.5 years on its 15-year warranty. Priced at $7,772,000 ($125 per square foot), this property is considered well below replacement value. The 5.29-acre lot includes a fully enclosed outdoor display area, typical of Tractor Supply stores. This is a rare opportunity to acquire a high-performing, investment-grade retail property with a long-term lease and significant upside potential. Further financial details are available upon request and execution of a non-disclosure agreement.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,450,000
- 6.5%
- $3,690,000
- 7%
- $3,425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,830,000
- Geo Method
- $3,605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,760,000
- Retail
- $2,900,000
- Mixed-Use
- $3,065,000
- Hospitality
- $3,130,000
- Educational
- $3,020,000
- Residential Income
- $3,705,000
- Energy
- $2,900,000
- Income-Based Land
- $3,265,000
- Food Service
- $3,785,000
Location Insight
- Map
- Local Demand
- City
- Lompoc
- County
- Santa Barbara
- State
- California
- Longitude
- -120.456
- Latitude
- 34.6638
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
