Grocery-Anchored Shopping
New
For Sale
$2,500,000
16746 Lakeshore Drive, Lake Elsinore, CA 92530
Stater Bros. anchors the center, with a Dutch Bros. drive-through pad adding another retail draw.
Property Size9,629 SF
Days on Market3
Property Features for 16746 Lakeshore Drive
General Information
Standard status
Active
Size
9,629 SF
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Stater Bros.
Building Details
Building Size
9,629 SF
Tenancy
Multi
Listing Agency:
Progressive Real Estate Partners
Listed By:
Greg Bedell, CCIM · License #CalDRE #01942970
(951) 479-7994
Source:
Progressiverep
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 4:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Progressive Real Estate Partners
Investment Insights
Based on property information with market context.
This shopping center in Lake Elsinore is anchored by Stater Bros. An existing 1,800-square-foot vacancy and several shop leases with upcoming expiration dates create leasing activity within the property. Triple Play Pizza occupies a 2,580-square-foot suite, with its lease scheduled to expire in 2028 and a three-year renewal option. Liberty Tax and Plaza Haircutters also occupy suites with rollover dates in 2027 or 2028, subject to their respective options.
Stater Bros. draws approximately 1.1 million visits annually and records about 34% more visits than the adjacent Albertsons. Dutch Bros. has signed a 15-year ground lease and invested in a newly built drive-through pad at the shopping center’s front. The adjacent Albertsons has no competing shop space. The property is located at 16746 Lakeshore Drive in Lake Elsinore, California.
Stater Bros. draws approximately 1.1 million visits annually and records about 34% more visits than the adjacent Albertsons. Dutch Bros. has signed a 15-year ground lease and invested in a newly built drive-through pad at the shopping center’s front. The adjacent Albertsons has no competing shop space. The property is located at 16746 Lakeshore Drive in Lake Elsinore, California.
Key Highlights
- Stater Bros. anchor draws approximately 1.1 million visits per year
- Adjacent Albertsons records about 34% fewer visits than Stater Bros. and has no competing shop space
- Dutch Bros. signed a 15‑year ground lease for a newly built drive‑through pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,020
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,760,400
$2.8M
Cap Rate 7%
$1,971,714
$2.0M
Cap Rate 9%
$1,533,556
$1.5M
Market Conditions
NOI Build-Up for 9,629 SF
Gross rent
$208.0K $21.60/SF
− Vacancy
−$10.8K −$1.12/SF
EGI
$197.2K $20.48/SF
− OpEx
−$59.2K −$6.14/SF
NOI
$138.0K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,760,400
Cap Rate 7%
$1,971,714
Cap Rate 9%
$1,533,556
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,020 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,928 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
71k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 29%
Dining 23%
Albertsons
Groceries
34,086 visits/mo
0.1 miles
Starbucks
Dining
14,849 visits/mo
0.2 miles
ARCO
Shops & Services
7,607 visits/mo
0.2 miles
Chevron
Shops & Services
5,614 visits/mo
0.2 miles
AutoZone
Shops & Services
4,430 visits/mo
0.2 miles
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Stater Bros. anchors the center, with a Dutch Bros. drive-through pad adding another retail draw.
Where is this shopping center located?
The property is located at 16746 Lakeshore Drive Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Stater Bros. anchor draws approximately 1.1 million visits per year; Adjacent Albertsons records about 34% fewer visits than Stater Bros. and has no competing shop space; Dutch Bros. signed a 15‑year ground lease for a newly built drive‑through pad
