Listed by eXp Realty of California Inc
$1,490,000
Ortega Hwy & Grand Lot 2 QSR w/ Drivethrough CUP Approved
Details
APN 381-320-020
Property Type Retail, Mixed Use
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,400
Tenancy Vacant
Lease Type NNN
Price per SqFt $621
Acreage 0.360
Ground Lease No
Ownership Fee Simple
Sale Condition N/A
Retail | 2,400 SqFt
Marketing description
Restaurant Pad with Drive-Through – Lot 2 at Ortega Hwy & Grand Ave, Lake Elsinore, CA offers a rare opportunity to acquire a CUP-approved, fee simple QSR pad within a high-visibility master-planned commercial development. Priced at $1,490,000, this ±0.36-acre entitled site is designed for a 2,400 SF restaurant with an integrated drive-through already incorporated into the site plan.
Positioned along westbound SR-74, the project benefits from approximately 50,000+ vehicles per day and serves as the “last-exit” commercial stop before the 13-mile mountain corridor into Orange County—an ideal setup for food, beverage, and convenience-driven traffic. The location also draws from a strong local consumer base of more than 90,000 residents within 5 miles.
Surrounded by complementary planned uses including a gas/convenience anchor and adjacent commercial pads, Lot 2 is tailored for today’s most active national drive-through concepts. With entitlement progress reducing development timelines, this is a shovel-ready opportunity for developers, owner-users, or investors seeking a strategic Southern California QSR site with strong long-term upside.
Investment highlights
- Drive-Through Ready: Site plan fully incorporates drive-through lane geometry, stacking, and egress - eliminating the
- most expensive and time-consuming design challenge for QSR tenants and their development teams.
- 2,400 Sq. Ft. Format: The ideal footprint for today's most active drive-through QSR formats - from Jank in the Box, Dutch Bros to Raising Cane's, Chick-fil-A, and Panera.
- Co-Tenancy Advantage: Positioned alongside Lot 3 (identical QSR pad) and adjacent to the gas station/convenience anchor, Lot 2 benefits from the traffic and dwell time generated by neighboring uses - a proven QSR demand driver.
- Last-Exit Psychology: Westbound travelers on SR-74 making a last stop before the mountain corridor are high-intent customers -hungry, fueling up, and ready to spend. QSR conversion rates in last-exit locations consistently outperform typical highway pads.
- NNN Lease Potential: National QSR tenants on build-to-suit or ground lease structures at comparable Southern California locations are generating cap rates in the 4-5% range, representing a strong long-term investment return on this land basis.
- Entitlement Ready: Nearing final Tentative Tract Map approval - dramatically reducing the buyer's timeline to permit
- and construction start.
- This pad is well-suited for the following categories of tenants, operators, and buyers:
- Coffee/beverage: Dutch Bros, Peet's, 7 Brew
- Chicken/fast casual: Raising Cane's, Chick-fil-A, Wingstop
- Burger/QSR: Jack in the Box, Wendy's, Carl's Jr, Five Guys
- Mexican QSR: Del Taco, Taco Bell, Chipotle
Listing Contacts
Listed by eXp Realty of California Inc
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