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One Plant Lompoc Retail Investment 8 CAP 113-119 N A St

6,048 SF 100% Leased Retail Building Lompoc, CA 93436 $1,719,000 ($284/SF) 7.85% Cap Rate

Investment Highlights

  • Good operational tenant history
  • Potential to expand Tenancy within building envelope.
  • Lease term through 04/30/2029
  • Below market rent in-place
  • Single building identity

Executive Summary

Colliers, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee-simple interest in the Property known as 113-119 North A Street, in the city of Lompoc, California. The Property is well located on 0.32 acres, with an abundance of parking and excellent exposure near the corner of North A Street and the Cabrillo Highway, a major thoroughfare. This is a rare investment opportunity with a secured, single tenant leased asset with a history of strong sales performance. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio.
The 6,048 SF Property resides on along N. A Street, one block from the Cabrillo Highway/ California State Route 246, a busy thoroughfare in the City of Lompoc. The Property is a well maintained, single story commercial building in good condition. The Property is located in downtown Lompoc, surrounding commercial tenancies include a mix of retailers from Starbucks, Grocery Outlet, The Home Depot and various local wineries & tasting rooms.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,048 SF
Building Class
C
Year Built/Renovated
1960/2015
Price
$1,719,000
Price Per SF
$284
Cap Rate
7.85%
NOI
$134,955
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.32 AC
Zoning
CO - Commercial
Parking
17 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
61 FT on N A St

Amenities

  • Signage
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Grocery Outlet
Sunbelt Rentals
Coffee Time
Ymca
ALDI
Rent-A-Center
Save Mart
U.S. Bank
Dutch Bros

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
085-142-003
Land Assessment
$214,439
Improvements Assessment
$1,045,396
Total Assessment
$1,259,835
  • Listing ID: 28862641

  • Date on Market: 6/27/2023

  • Last Updated:

  • Address: 113-119 N A St, Lompoc, CA 93436

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