Kidder Mathews is pleased to offer 31505 Castaic Road, a 3.52-acre, long-term NNN ground lease investment located just off Interstate 5 in Castaic, California. The property is leased through April 30, 2048 to a ground lessee with two subtenants — ARCO am/pm and a Truck Stop (under development), both of whom are currently paying rent. The ARCO am/pm sublease is structured as a traditional lease where the master ground lessee owns the improvements, while the Truck Stop sublease is structured as a ground lease, with the subtenant owning the improvements under development. The investment features zero landlord responsibilities, as the tenant covers all operating costs, maintenance, taxes, insurance, and capital expenditures. The lease includes CPI-based rent increases every five years (capped at 22%), with the next increase on July 1, 2028, providing built-in inflation protection. In addition, the lease features a Fair Market Value rent adjustment on July 1, 2033, creating a significant opportunity to reprice the land to market and capture upside during the term. The site’s I-5 adjacency, strong visibility, and limited nearby competition make it ideally suited for fuel, convenience retail, and truck-serving uses, supporting long-term tenant performance and land value appreciation. This offering represents a rare opportunity to acquire a Southern California ground lease with 23+ years of remaining term, brand-name tenancy, contractual rent growth, and zero landlord obligations, delivering secure current income with embedded upside.