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INVESTMENT HIGHLIGHTS
- Starbucks, El Pollo Loco, Waba Grill & O’Reilly Auto Parts provide immediate, stable income from strong national operators.
- 52% vacancy offers significant value-add through lease-up at market rents, with strong tenant demand for quality retail space.
- Regional drivers include Castaic Lake, Six Flags & logistics hubs, generating year-round demand and transient customer traffic.
- Drive-thru focused retail mix meets rising demand for quick, convenient food and beverage, boosting daily traffic and sales.
- Prime high-traffic site along major arterial near I-5, capturing daily visibility from commuters, tourists, and local residents.
- Cross-traffic generated between coffee, quick-service dining, and automotive retail ensures multiple customer visits throughout the day.
EXECUTIVE SUMMARY
The Ovaness-Rostamian Group of Marcus & Millichap is proud to present Vine @ Castaic, a premier value-add retail shopping center opportunity located in the thriving and rapidly growing community of Castaic, California. Strategically situated at the exit of Castaic Lake and just minutes from the renowned Six Flags Magic Mountain, this property enjoys a prime location that benefits from substantial regional and local traffic. Anchored by a strong lineup of nationally recognized, highly sought-after brands including Starbucks (drive-thru), El Pollo Loco (drive-thru), Waba Grill (drive-thru), and O’Reilly Auto Parts, the asset offers investors a rare combination of immediate, stable income coupled with substantial upside potential through the lease-up of more than 50% vacant space at competitive market rents.
Located along a bustling major arterial with direct access to the highly trafficked Interstate 5 corridor, this high-visibility asset benefits from exceptional daily traffic counts, easy ingress and egress, and unparalleled exposure to both loyal local customers and transient regional visitors. The surrounding trade area boasts affluent and steadily growing demographics, featuring above-average household incomes, vibrant residential development, and a captive consumer base with robust purchasing power.
The three drive-thru tenants Starbucks, El Pollo Loco, and Waba Grill , deliver modern convenience and fast-casual dining experiences that perfectly align with evolving consumer preferences for speed, quality, and accessibility. Their presence, combined with O’Reilly Auto Parts’ strong footprint in the automotive aftermarket sector, creates a dynamic and synergistic tenant mix that drives consistent foot traffic and customer cross-shopping throughout the day.
The property’s leases are structured on a NNN basis, minimizing landlord responsibilities and offering predictable, escalating income streams that serve as a strong hedge against inflation. This versatile asset presents investors with multiple strategic pathways, including lease-up and long-term hold for stable cash flow growth, property repositioning to achieve a higher valuation, or potential parceling and individual pad sales.
This rare retail offering represents a compelling entry into a high barrier to entry Southern California market, combining creditworthy national tenants, a prime location near major regional attractions, and transformative value-add upside — an ideal investment for those seeking both security and significant growth potential.
Located along a bustling major arterial with direct access to the highly trafficked Interstate 5 corridor, this high-visibility asset benefits from exceptional daily traffic counts, easy ingress and egress, and unparalleled exposure to both loyal local customers and transient regional visitors. The surrounding trade area boasts affluent and steadily growing demographics, featuring above-average household incomes, vibrant residential development, and a captive consumer base with robust purchasing power.
The three drive-thru tenants Starbucks, El Pollo Loco, and Waba Grill , deliver modern convenience and fast-casual dining experiences that perfectly align with evolving consumer preferences for speed, quality, and accessibility. Their presence, combined with O’Reilly Auto Parts’ strong footprint in the automotive aftermarket sector, creates a dynamic and synergistic tenant mix that drives consistent foot traffic and customer cross-shopping throughout the day.
The property’s leases are structured on a NNN basis, minimizing landlord responsibilities and offering predictable, escalating income streams that serve as a strong hedge against inflation. This versatile asset presents investors with multiple strategic pathways, including lease-up and long-term hold for stable cash flow growth, property repositioning to achieve a higher valuation, or potential parceling and individual pad sales.
This rare retail offering represents a compelling entry into a high barrier to entry Southern California market, combining creditworthy national tenants, a prime location near major regional attractions, and transformative value-add upside — an ideal investment for those seeking both security and significant growth potential.
TAXES & OPERATING EXPENSES (PRO FORMA - 2026) |
ANNUAL |
|---|---|
| Gross Rental Income |
$939,331
|
| Other Income |
$232,174
|
| Vacancy Loss |
$58,575
|
| Effective Gross Income |
$1,112,930
|
| Taxes |
$121,875
|
| Operating Expenses |
$138,760
|
| Total Expenses |
$260,635
|
| Net Operating Income |
$852,295
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $939,331 |
| Other Income | |
|---|---|
| Annual | $232,174 |
| Vacancy Loss | |
|---|---|
| Annual | $58,575 |
| Effective Gross Income | |
|---|---|
| Annual | $1,112,930 |
| Taxes | |
|---|---|
| Annual | $121,875 |
| Operating Expenses | |
|---|---|
| Annual | $138,760 |
| Total Expenses | |
|---|---|
| Annual | $260,635 |
| Net Operating Income | |
|---|---|
| Annual | $852,295 |
PROPERTY FACTS
| Price | $9,750,000 | Number of Properties | 6 |
| Price / SF | $310.41 / SF | Individually For Sale | 0 |
| Sale Condition | 1031 Exchange | Total Building Size | 31,410 SF |
| Sale Type | Investment | Total Land Area | 2.93 AC |
| Status | Active |
| Price | $9,750,000 |
| Price / SF | $310.41 / SF |
| Sale Condition | 1031 Exchange |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 31,410 SF |
| Total Land Area | 2.93 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Bldg 2
31709-31729 Castaic Rd, Castaic, CA 91384 |
Retail | 8,298 SF | 2008 | - |
|
Bldg. 7
31765 Castaic Rd, Castaic, CA 91384 |
Retail | 6,000 SF | 2008 | - |
|
Bldg. 3
31743-31759 Castaic Rd, Castaic, CA 91384 |
Retail | 5,282 SF | 2008 | - |
|
The Vine at Castaic Bldg 6
31731-31739 Castaic Rd, Castaic, CA 91384 |
Retail | 4,581 SF | 2007 | - |
|
The Vine at Castaic Bldg. 5
31765-31777 Castaic Rd, Castaic, CA 91384 |
Retail | 4,338 SF | 2008 | - |
|
Bldg. 4
31783 Castaic Rd & Lake Hughes Rd, Castaic, CA 91384 |
Retail | 2,911 SF | 2008 | - |
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Vine @ Castaic Shopping Center
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