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Ross Dress for Less 1408 N H St 31,608 SF Retail Building Lompoc, CA 93436 $4,683,000 ($148.16/SF) 6.75% Cap Rate
Executive Summary
Strong Corporate National Tenant | Rare Single Tenant End Cap
• 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.
• 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
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
31,608 SF
Building Class
B
Year Built
1993
Price
$4,683,000
Price Per SF
$148.16
Cap Rate
6.75%
NOI
$316,103
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
2.92 AC
Zoning
PCD
Parking
76 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
467’ on Central
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Ross Dress for Less began in 1982 when a group transformed six San Bruno department stores into discount outlets. The chain quickly grew by selling branded overstock at low prices. Today Ross operates nationwide with a no-frills approach - focusing on bargains rather than store decor. Shoppers visit for deals on clothing, shoes, accessories, and home goods. The company emphasizes community support through youth education programs and local hiring initiatives. Ross maintains a strong market presence by offering name-brand products at reduced prices in a fast-paced retail environment.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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
Parcel Number
093-490-001
Land Assessment
$1,618,342
Improvements Assessment
$3,183,624
Total Assessment
$4,801,966
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