For Sale
$7,772,000

1600 H St Lompoc, CA 93436

Prime retail investment; strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple ownership of a 62,038-square-foot Tractor Supply Company storefront in Lompoc, California. Located within the busiest shopping center in Lompoc, at the high-traffic intersection of Cabrillo Highway and Central Avenue (approximately 44,000 vehicles per day), this property benefits from a strong demographic area with over 50,000 residents within a 3-mile radius and an average household income of approximately $86,000. The 10-year net lease with Tractor Supply Company commenced August 30, 2024, and includes 5% rent increases every five years, along with options for four, five-year renewals. Tractor Supply Company, a publicly traded company (NASDAQ: TSCO) with an S&P credit rating of BBB, generated $14.6 billion in revenue in 2023. The building, recently renovated in 2024, features a new roof installed in 2020 with a remaining 10.5 years on its 15-year warranty. Priced at $7,772,000 ($125 per square foot), this property is considered well below replacement value. The 5.29-acre lot includes a fully enclosed outdoor display area, typical of Tractor Supply stores. This is a rare opportunity to acquire a high-performing, investment-grade retail property with a long-term lease and significant upside potential. Further financial details are available upon request and execution of a non-disclosure agreement.

Highlights

  • 10-Year Net Lease with Tractor Supply Co. commencing August 2024.
  • Rent increases 5% every 5 years; contact seller for details (NDA required).
  • Investment-grade tenant, Tractor Supply Co. (TSCO), S&P BBB rating, $14.6B 2023 revenue.
  • Priced at $125/SF, below replacement cost.
  • Recently upgraded 62,038 SF building (including enclosed outdoor display area); new roof (2020) with 10.5 years remaining warranty.

Property Details for 1600 H St

Property type
Retail properties, Retail space
Square Feet
62,038 SF
Year Renovated
2024
Lot Size (sq. ft)
230,432 SF

Location Insight

City
Lompoc
County
Santa Barbara
State
California
Latitude
34.6657983
Longitude
-120.4555355

FAQs

What type of property is this?
Retail property - Prime retail investment; strong tenant, long lease.
Where is the retail property located?
The property is located at 1600 H St Lompoc, CA.
What is the asking price?
The asking price for this property is $7,772,000.
What are key features of this property?
This property features: 10-Year Net Lease with Tractor Supply Co. commencing August 2024.; Rent increases 5% every 5 years; contact seller for details (NDA required).; Investment-grade tenant, Tractor Supply Co. (TSCO), S&P BBB rating, $14.6B 2023 revenue.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1600 H St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message