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Ross Dress for Less 1408 N H St 31,608 SF Retail Building Lompoc, CA 93436 $4,978,000 ($157.49/SF) 6.35% Cap Rate
Executive Summary
• Ross Dress for Less has a 22-year successful presence at this location.
• Corporate-guaranteed lease backed by Ross Stores, Inc., an S&P 500, Fortune 500, and Nasdaq-100 company.
• Strong credit ratings: “BBB+” (S&P) and “A2” (Moody’s).
• Largest off-price fashion retailer in the U.S. with 1,847 locations nationwide.
• Reported 2024 revenue of $21.1 billion.
NN | Limited Landlord Responsibilities
• Corporate guaranteed net lease with limited landlord obligations.
• Tenant covers utilities, taxes, and insurance.
• Landlord responsible for Common Area Maintenance (CAM) with reimbursement, plus roof, structure, HVAC, and parking lot.
• Rare $1 per square foot fixed rental increases in option periods provide a hedge against inflation.
Strong Market and Demographics | Central Location Near Employers, Retailers, and Community Hubs
• Located in Mission Plaza Shopping Center, Lompoc’s busiest retail center.
• Positioned at a high-traffic signalized intersection with 44,000 ADT.
• Surrounded by major national retailers: Albertsons, Starbucks, Taco Bell, Circle K, Chase Bank, Walmart Supercenter, McDonald’s, 7-Eleven, and more.
Property Facts
Amenities
- Signage
Major Tenants Click Here to Access
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$9.99
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Lorem Ipsum
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Ross Dress for Less, operated by Ross Stores, Inc., is the largest off-price apparel and home fashion retailer in the United States. Founded initially as a department store in 1950 and restructured into an off-price chain in 1982, the company now operates nearly 1,800 Ross stores and additional dd’s DISCOUNTS locations across the country. Headquartered in Pleasanton, California, Ross Stores manages sourcing, merchandising, logistics, distribution, and corporate administration for its nationwide retail footprint. The brand specializes in selling first-quality, in-season name-brand apparel, footwear, and home décor at 20%–60% off traditional department store pricing.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 093-490-001 | Improvements Assessment | $3,183,624 |
| Land Assessment | $1,618,342 | Total Assessment | $4,801,966 |
Property Taxes
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Ross Dress for Less | 1408 N H St
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