An outstanding retail investment opportunity offering stable income, 100% occupancy, and significant value-add potential in the heart of Lompoc's established commercial corridor. This income-producing asset benefits from below-market rental rates, providing investors with an attractive opportunity to increase returns over time while enjoying immediate cash flow.
The property comprises a 6,696 sq ft single-storey retail center situated on a 0.91-acre site. Built in 2005, the fully occupied center generates annual gross income of $226,800 and features a diverse tenant mix supported by approximately 50 on-site parking spaces. Its prominent position along West Central Avenue provides exceptional visibility, with approximately 18,000 vehicles passing the property daily.
Located adjacent to major national retailers including Walmart, ALDI, Grocery Outlet, Starbucks, McDonald's, and KFC, the property benefits from excellent retail synergy and a strong consumer base. Nearby employers such as Vandenberg Space Force Base and Lompoc Valley Medical Center further support consistent demand for retail services, while the surrounding commercial corridor continues to experience stable long-term growth.
With an in-place cap rate of approximately 6.0%, full occupancy, and considerable rental upside, this investment is ideally suited to private investors and 1031 exchange buyers seeking passive income and future appreciation. Contact us today to request further information or arrange a private viewing.
