Sunset Pointe Shopping Center
Sunset Pointe Shopping Center is a 30,691 SF neighborhood retail center in Stevenson Ranch, California, offered at $10,900,000 (6.23% cap, $678,885 NOI). The property is 91.1% occupied with a strong tenant mix anchored by Outback Steakhouse and a newly opened Starbucks, positioned to generate stable cash flow with meaningful upside from lease-up of remaining vacancy and contractual rent growth.
Built in 1997 and situated on 2.59 acres just off Interstate 5 along The Old Road, the single-story center commands outstanding regional visibility and accessibility, drawing customers from nearby residential communities and Six Flags Magic Mountain visitors. The surrounding trade area supports affluent demographics with average household incomes exceeding $160,000 within three miles. Existing rents remain below market, creating opportunities to increase NOI through lease renewals and tenant turnover. The property benefits from the supply-constrained Stevenson Ranch submarket, where limited competing retail development and strong population growth sustain tenant demand. NNN lease structures allow tenants to reimburse property taxes, insurance, and common area maintenance, creating efficient expense recovery and durable cash flow. Recent capital improvements—including a new roof with warranty and parking lot repairs—minimize near-term capital expenditures for a new owner.
- 91.1% occupied with strong national and daily-needs tenant mix
- Anchored by Outback Steakhouse and newly opened Starbucks
- Existing rents below market; upside through lease renewals and turnover
- Recent capital improvements: new roof with warranty and parking lot repairs
- Supply-constrained submarket with strong population growth and limited competing retail
- 188 parking spaces; $355 per SF offering price
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Sunset Pointe Shopping Center is a high-quality neighborhood retail center comprising approximately 30,691 square feet and currently 91.1% occupied, offering investors stable in-place cash flow with meaningful upside through lease-up of the remaining vacancy and contractual rent growth. Anchored by Outback Steakhouse and a newly opened Starbucks, the center features a strong mix of national and daily-needs tenants that generate consistent customer traffic and support long-term occupancy. Existing rents remain below market, providing opportunities to increase NOI through lease renewals and tenant turnover, while NNN lease structures allow tenants to reimburse property taxes, insurance, and common area maintenance, creating efficient expense recoveries and durable cash flow. Located in the highly desirable and supply-constrained Stevenson Ranch submarket of the Santa Clarita Valley, the property benefits from limited competing retail development, strong population growth, and sustained tenant demand. Positioned just off Interstate 5 along The Old Road, the center enjoys outstanding regional accessibility, commuter traffic, and visibility, while drawing customers from nearby residential communities and visitors to Six Flags Magic Mountain. The surrounding trade area is supported by affluent demographics, with average household incomes exceeding $160,000 within a three-mile radius, reinforcing long-term retail demand. Offered at approximately $355 per square foot and a 6.35% Year 1 cap rate, the property presents an attractive basis relative to replacement cost, complemented by recent capital improvements, including a new roof with warranty and parking lot repairs, minimizing near-term capital expenditures for a new owner and enhancing the asset's long-term investment appeal.