Investment Overview

Marcus & Millichap presents Vine @ Castaic, a 31,410 square foot value-add retail shopping center in the growing community of Castaic, California. The center is anchored by El Pollo Loco (drive-thru), Starbucks (drive-thru), Waba Grill (drive-thru), and O’Reilly Auto Parts. El Pollo Loco and O’Reilly Auto Parts are on their own separate parcels. These national tenants provide a stable income base, with additional upside through the lease-up of more than 52 percent vacant space at market rents. The surrounding trade area features above-average household incomes, ongoing residential growth, and a strong consumer base. The tenant mix offers a combination of quick-service dining and automotive retail, supporting consistent daily traffic. The NNN lease structures limit landlord obligations and provide predictable income with scheduled increases. Investors have multiple options for the property, including lease-up for enhanced cash flow, long-term hold, repositioning, or selling individual pads. After tenant allowance and leasing commission costs investors could reach a ProForma CAP rate of over 7.94 percent. The property is located at the Lake Hughes Road exit, minutes from Castaic Lagoon, Castaic Lake, and Six Flags Magic Mountain. Its position along a major arterial with direct access to Interstate 5 offers strong visibility, traffic counts exceeding 70,000 cars per day, and convenient ingress and egress. Castaic is undergoing rapid expansion with major developments including the 497-home Williams Ranch master-planned community, the planned 855-home NorthLake project, and the 1.8-million-square-foot Honor Ranch mixed-use development. These projects will bring new housing, retail, life-science offices, and industrial space, alongside significant infrastructure improvements. The influx of residents and jobs is expected to drive strong demand for local businesses and long-term property value growth. This property offers an opportunity to acquire a retail asset in a supply-constrained Southern California market, with national credit tenants, a high-traffic location, and meaningful value-add potential.