721 W Central Ave

Located in the Northern Santa Barbara County City of Lompoc, 721 W Central Ave is a 6,600 SF retail strip center as an outparcel to Walmart. The center is 81% occupied and features Subway as well as the in-place Cannabis business, Royal Healing Emporium, as its anchors. The center is synergistically filled with quick service food operators and a dispensary providing a daily, internet-resistant tenant mix. The property lies on a main artery, Central Avenue, and is directly on the signalized corner of Central Ave and O St. The entire power center that includes Walmart and Foods Co. anchors the northern end of Lompoc just off the corner of Central Ave and Cabrillo Highway (CA Hwy-1), which is the city’s primarily traveled commercial corridor that also acts as the main gateway to Lompoc. The center caters to the charming central coast city providing a daily needs presence for its residents.
721 W Central Ave’s current and historical tenancy allows the investor to receive passive cash flow with little deferred maintenance. The investment sale includes the strong performing Cannabis Business, Royal Healing Emporium, that has historical gross sales of 3.5M/year. The business will come along with its rare operating licenses that allows the investor no downtime or lengthy approvals. The astute investor will benefit from a strong cash flowing business and property in the main draw of Lompoc.