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Ross Dress for Less 1408 N H St 31,608 SF Retail Building Lompoc, CA 93436 $6,755,146 CAD ($213.72 CAD/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
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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$9.99
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Lorem Ipsum
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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 | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 093-490-001 | Improvements Assessment | $4,352,173 CAD |
| Land Assessment | $2,212,355 CAD | Total Assessment | $6,564,528 CAD |
Property Taxes
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Ross Dress for Less | 1408 N H St
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