1124 W Ocean Avenue

    Lompoc, CA 93436
    • $3,795,000
    • STATUS: Active
    • ON SITE: 248 days
    • ID#: OC18293298
    UPDATED: 56 min ago
    $3,795,000
    • 0
      BEDS
    • 2.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,000
      SQFT
    • $152
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    The subject property is a 25,000 square foot building on a 91,040 square foot lot. A Dollar General corporate guaranteed 10-year lease, NN Dollar General Market in Lompoc, CA. The current lease calls for the landlord to be responsible for the roof, structure, insurance, parking lot, landscaping and the water associated with the landscaping. The annual cost for these services is $15,295. Dollar General is a Fortune 500 company with a BBB rating from S&P. The property was originally built in 1980 and extensively remodeled immediately before the commencement of the current lease. The location, strength of tenant, term of lease and capitalization rate make this an attractive investment with future upside. Located on the southwest corner of W. Ocean Avenue and R Street in Lompoc, Santa Barbara County, California. The only market serving the neighborhood.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-24T17:32:31.773. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
    www.californiarealtyexperts.com/homes/90147979

    1124 W Ocean Avenue Lompoc, CA 93436

    • Price: $3,795,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: OC18293298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.09
    Acres
    25,000
    SQFT
    $152
    $/SQFT
    Neighborhood:
    LOMP - Lompoc
    County:
    Santa Barbara
    Area:
    LOMP - Lompoc
    Property Description
    The subject property is a 25,000 square foot building on a 91,040 square foot lot. A Dollar General corporate guaranteed 10-year lease, NN Dollar General Market in Lompoc, CA. The current lease calls for the landlord to be responsible for the roof, structure, insurance, parking lot, landscaping and the water associated with the landscaping. The annual cost for these services is $15,295. Dollar General is a Fortune 500 company with a BBB rating from S&P. The property was originally built in 1980 and extensively remodeled immediately before the commencement of the current lease. The location, strength of tenant, term of lease and capitalization rate make this an attractive investment with future upside. Located on the southwest corner of W. Ocean Avenue and R Street in Lompoc, Santa Barbara County, California. The only market serving the neighborhood.
    Exterior Features

    Lot Features Walkstreet Lot Size Dimensions 2.09 AC Lot Size Units Acres

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Appraiser Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Special Listing Conditions Standard Tax Annual Amount 51720.00 Tax Year 2018 Water Source Public

    Listing provided courtesy of Robert Prestwood of Robert Prestwood, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-24T17:32:31.773. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
     
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