1124 W Ocean Avenue

Estimated Monthly Payment: $21,616/mo 1124 W Ocean Avenue, Lompoc, CA 93436 MLS# OC18293298 Commercial Sale Listing Status: Active

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REMARKS:

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.

OVERVIEW:

Commercial Sale
Active
LOMP - Lompoc
91040
2.09
Public
2.09 AC
Walkstreet

FINANCIAL:

3795000
51720

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Robert Prestwood, Broker

 

Based on information from California Regional Multiple Listing Service, Inc. as of 01/16/2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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