Ross Dress for Less NNN Property For Sale — Lompoc, CA
1408 North H Street, Lompoc, CA 93436
An exceptional opportunity to acquire a single-tenant Ross Dress for Less property, featuring a corporate-guaranteed lease. This NN+ lease structure offers minimal landlord responsibilities, making it an ideal passive investment. The property benefits from its strategic location within Mission Plaza Shopping Center, recognized as the busiest shopping center in Lompoc. Ross Stores, Inc., a tenant with a BBB+ credit rating, has a 22-year historical occupancy at this location. This offering provides a low-rent big box deal with rare rental increases, situated in a high-performing retail hub.
- Address: 1408 North H Street, Lompoc, CA 93436
- Asking price $4.86M
- 6.50% cap rate
- NOI $316,030
- 4.4 years remaining
- NNN lease
- Year built: 1993
- Building size: 31,608 SF
- Lot size: 2.92 acres
- Rent increases: $1/PSF every 5 years
- Guarantor: Corporate
Location
This Ross Dress for Less property is at 1408 North H Street in Lompoc, California.
Asset type: Retail