18310 Collier Ave, Lake Elsinore, CA 92530

Faris Lee Investments presents an exceptional fee simple interest (Land + Building) investment opportunity in the heart of Lake Elsinore’s burgeoning retail landscape. Nestled within the thriving retail corridor of Lake Elsinore, this high-profile 3,530 SF 2-tenant, NNN retail pad building offers investors a prime opportunity to capitalize on the city’s rapid growth trajectory. Positioned at 18310 Collier Ave, this property boasts unparalleled visibility and accessibility, ensuring maximum exposure to passing traffic and potential customers. With quality construction and minimal deferred maintenance since its 2019 inception, this property represents a sound investment choice with promising long-term returns.
The property hosts two prominent regional brands poised for expansion: Pieology and Ono Hawaiian BBQ. Pieology, known for its fast-casual pizza offerings, has established a presence with over 130 locations across 14 states. Ono Hawaiian BBQ, renowned for its authentic Hawaiian cuisine, boasts a robust network of over 100 locations in California and Arizona. Their commitment to growth and market penetration is evident. Their presence at this location is reinforced by long-term triple net leases, incorporating built-in rental increases to ensure steady income growth and provide a hedge against inflation. Additionally, both tenants have multiple 5-year lease options remaining, further securing stability. Notably, Pieology is slated for a substantial 34% rent increase in January 2027 for the remainder of its 10-year term, reflecting confidence in their continued success.
Strategically positioned as an outparcel to the bustling Central Plaza, the property benefits from a strong anchor presence, including Marshalls, ULTA Beauty, Skechers, and Five Below. Surrounding retailers such as Target, Home Depot, Aldi, and LA Fitness ensure high foot traffic and consumer engagement, enhancing the property’s appeal as a prime retail destination. With convenient access to major highways and boasting over 50,000 vehicles per day along Hwy 74 and over 130,000 VPD on Interstate 5, the property enjoys unparalleled visibility and accessibility, further bolstering its attractiveness to tenants and customers alike. The subject property is adjacent to Honda Auto Dealership and in close proximity to Costco, Lowes, and Walmart Supercenter.
This retail investment opportunity offers lucrative returns and steady income growth. With a competitive 5% cap rate and built-in rental increases every 5 years, the property provides a reliable source of passive income while serving as a hedge against inflation. The robust demographic profile of the trade area, characterized by a growing population, strong consumer base, and considerable purchasing power, ensures sustained demand for retail services and amenities. Additionally, the dynamic development landscape and active projects in the area signal continued growth and appreciation potential for the property, making it an enticing investment opportunity for discerning investors seeking long-term capital appreciation and stable cash flow.