Good investment opportunity or for an owner-operator in the future! Strong current tenant, a Papa John's franchisee, also owns other eateries. Business is in process of venue change. Building located in a very busy, high traffic sector of Lompoc. Surrounded by numerous shops, eateries, and other miscellaneous businesses. Lompoc High School is located within walking distance. Sellers pay insurance and taxes only. Insurance is $2,200 yearly. Current lease at listed price, with projected property taxes, is a 6.75% CAP Rate. Building newly renovated 2+ years ago by current tenant. Upgraded electrical panel box, upgraded plumbing, new HVAC system, new roof, interior furnishings.
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