An exceptional opportunity to acquire a fully occupied retail investment property offering stable cash flow and significant value-add potential in the heart of Lompoc's established commercial corridor. With below-market rents, a diverse tenant mix, and strong surrounding retail activity, this asset is ideally suited for private investors and 1031 exchange buyers seeking long-term passive income and future rental growth.
The property comprises a 6,696 sq ft single-storey retail center situated on a generous 0.91-acre site. Built in 2005, the center is 100% occupied and generates annual gross rental income of $226,800. The property benefits from approximately 50 on-site parking spaces, excellent street frontage, and outstanding visibility along West Central Avenue, with approximately 18,000 vehicles passing daily.
Located adjacent to established national retailers including Walmart, ALDI, Grocery Outlet, Starbucks, McDonald's, and KFC, the property enjoys excellent retail synergy and consistent consumer traffic. Major regional employers including Vandenberg Space Force Base and Lompoc Valley Medical Center support a stable local economy and continued tenant demand.
With an in-place cap rate of approximately 6.0%, well-below-market rents, and strong long-term investment fundamentals, this retail center presents an outstanding opportunity to increase income while benefiting from continued commercial growth within the Lompoc market. Contact us today to request additional information or arrange a private viewing.
