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Ross Dress for Less 1408 N H St 31,608 SF Retail Building Lompoc, CA 93436 $6,588,981 CAD ($208.46 CAD/SF) 6.75% 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 as a small family-operated junior department store chain in California and shifted into an off-price format after an investor acquisition in the early nineteen eighties. The company focuses on first-quality, in-season brand name and designer apparel, footwear, accessories, and home fashions offered at everyday discounts. Ross Dress for Less operates as a major off-price retail chain with a broad presence across the United States, along with locations in Guam and Puerto Rico. The business sits within Ross Stores, which also runs dd's DISCOUNTS and has grown from a regional retail start into a large national value retailer.
| 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 | $4,509,540 CAD |
| Land Assessment | $2,292,349 CAD | Total Assessment | $6,801,889 CAD |
Property Taxes
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Ross Dress for Less | 1408 N H St
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