135 N. H St. Walnut Plaza | Lompoc, CA 93436

135 N. H St.
Lompoc, CA 93436
Walnut Plaza

Property Type
Retail
Price
$795,000
Space Size
8,960 SF
Land Size
0.40 Acres
County
Santa Barbara

The Walnut Plaza located at 135 N. H St., Lompoc is on the market for the first time in more than 20 years. The property is currently on a ground lease and is in a prime location in downtown Lompoc near Santa Maria. This 10-unit retail property with 90% current occupancy boasts a strong tenant base with an established clientele. The property is very well maintained with a new roof and features generous on-site parking. The offering provides an opportunity for an investor to acquire a property with passive income and a solid tenant base as well as strong potential for future upside in income over the next few years.

Ground Lease
· Property is currently on a Ground Lease
· Lease began on Feb. 1, 1967 (55-yr. Initial Term)
· Right to extend: (2) x 20-yr. Options (First Option commenced Feb. 1, 2022)

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