Waite Street

Miss

ion

Trai

l

Bundy Canyon

6.70 AC370-050-30

Coryd

on Ro

adLemon Street

Vine Street

14,620

111,000

16,793

8,800

13,289

PROPOSED RETAIL SITE 6.70 ACRES COMMERCIAL LAND FOR SALELAKE ELSINORE, CA

PROPERTY DETAILS

LOCATION: The subject property is located in the City of Lake Elsinore, in Riverside County, California. The site is located near the signalized North-West corner of Mission Trail and Corydon St; two of the city’s main thoroughfares. The property is centrally located with easy access to Interstate 15 via both the Bundy Canyon Drive and Railroad Canyon Drive/Diamond Drive and short commutes to Orange County (only 30 miles to Interstate 5) and North San Diego County (only 45 miles to Highway 78). The site consists of 6.70 acres located near surrounding commercial and residential developments.

JURISDICTION: South West Lake Elsinore

PURCHASE PRICE: $1,842,500 ($275,000/AC)

SIZE: 6.70 Acres

APN: 370-050-030

PROPERTY HIGHLIGHTS • Close proximity to I-15, I-91, and I-60 • Located on a major thoroughfare with accessible on-ramp access• Near multiple new residential developments and master plan communities• Fast growing and under-served area

• Ample time allotted for site plan approvals

TRAFFIC COUNTS

• I-15 - 111,000 ADT• Mission Trail & Lemon - 3,901 ADT• Mission Trail & Ethen Road - 16,533 ADT• Corydon & Cereal - 11,669 ADT

PROPOSED RETAIL SITE 6.70 ACRES COMMERCIAL LAND FOR SALELAKE ELSINORE, CA

SITE PLAN

1/15/2018 Tax Map - myFirstAm

https://www.myfirstam.com/Polygon/MapSearch 1/1

Tax Map , , CA

Limitation of Liability for Informational Report

IMPORTANT – READ CAREFULLY: THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE

CONDITION OF TITLE TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE

COMMITMENT OR PRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY

FOR THE BENEFIT OF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT

MAY NOT BE REPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT

REPRESENT OR WARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS

PROVIDED WITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION

GIVEN IN EXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY

LOSS OR DAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS

REPORT SHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND

AGREES THAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE.

FIRST AMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THE

INFORMATION HEREIN.

Tax Map , , CA 1/15/2018

©2005-2018 First American Financial Corporation and/or its affiliates. All rights reserved.

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PROPOSED RETAIL SITE 6.70 ACRES COMMERCIAL LAND FOR SALELAKE ELSINORE, CA

370-050-030

ZONING INFORMATION

East Lake Specific Plan: The subject site is located in The East Lake Specific Plan, a 2,977- acre planned community in which a well- balanced and functional mix of action sports, tourism, residential, commercial, open space, recreational, institutional and accessory industrial land uses are provided.

In order to be responsive to changing market conditions, evolving lifestyle preferences and the specific needs of potential developers of implementing development projects, the ELSP incorporates flexibility of uses in the final mix and intensity of development. Such flexibility allows final decisions on uses and development intensity to be made as conditions change over time without having to go through a specific plan amendment process.

MISSIO

N TRA

IL

370-050-020

370-050-019

370-050-030

370-050-026

CORYDON ST

REET

PROPOSED RETAIL SITE 6.70 ACRES COMMERCIAL LAND FOR SALELAKE ELSINORE, CA

Grand Avenue Bundy Canyon Road

Coryd

on

Mission Trail

Lakeshore Drive

Clinton Keith

Mur

rieta

Roa

d

Outlets at Lake ElsinoreCollier Avenue

Costco29315 Central Avenue

Target18287 Collier Avenue

Menifee Countryside Market Place

Walmart31700 Grape Street

1

2 3 4 5

1098

11 12

EXISTING RETAIL LOCATIONSNEARBY RETAIL & RESTAURANTS

23

4

5

OUTLETS AT LAKE ELSINORE And More!

1

1 Mile 3 Mile 5 Mile

Population2010 Census 3,968 34,348 84,9922018 Estimate 4,447 38,728 96,7012023 Projection 4,724 42,800 109,095

HouseholdsHousing Units (Current Year) 1,407 12,059 31,426Households (Current Year) 1,339 11,630 29,921Households (2023 Projection) 1,472 13,251 34,449

Population by Single-Classification Race (2010 Census)White Alone 83.6% 82.6% 82.6%Black Alone 5.3% 5.3% 5.05%American Indian Alone 1.53% 1.03% 0.74%Asian Alone 5.35% 6.19% 6.97%Pacific Islander Alone 0.22% 0.3% 0.33%Some Other Race Alone 0.35% 0.31% 0.27%Two or More Races 3.64% 4.29% 4.02%

2016 Average Household Income $64,366 $79,392 $89,704

LAKE ELSINORE DEMOGRAPHICS

DEVELOPMENT AT MISSION TRAIL

Riverside County is one of the fastest growing counties in the United States, leading the rapidly changing Inland Empire market, with rivers, mountain peaks, deserts and fertile valleys, Riverside County offers diversity that few locations can match. More than two million people live in Riverside County, making it the fourth most populous county in California, taking advantage of affordable housing, nearby beaches, mountains, hiking and bike trails, the Wine Country near Temecula and resorts that offer oases in the desert. Riverside County covers 7,208 square miles in Southern California. Together, Riverside and San Bernardino Counties have been dubbed the Inland Empire.

California’s fourth largest county by population is expanding its economy, working to diversify beyond the housing industry that has driven the region’s economy for years.

Centrally located in the heart of Southern California; Riverside County borders San Bernardino, Orange and San Diego Counties. Interstate 10 runs through the entire County from east to west, and Interstates 15 and 215 connect Riverside County with San Diego County and San Bernardino County. Highway 60 and 91 link Riverside County to Los Angeles and Orange Counties. Attractive to many businesses, rail service connects Riverside County businesses with important markets, ports of entry, and key airports to expedite major national and international commerce transactions. Metrolink provides a large number of commuters from Riverside to Los Angeles, Orange and San Bernardino Counties In addition, Riverside County is presently served by 3 airports including the rapidly expanding Ontario international Airport: Palm Springs International Airport and San Bernardino International Airport.

RIVERSIDE COUNTY

CENSUS 2010 SUMMARYPopulation 2,189,641Households 686,260Median Age 33.7

2015 SUMMARYPopulation 2,302,403Households 716,787Median Age 34.2Median Household Income $54,991Average Household Income $75,849

2020 SUMMARYPopulation 2,435,985Households 754,636Median Age 34.8Median Household Income $63,928Average Household Income $86,865

TRENDS: 2015 - 2020 ANNUAL RATEPopulation 1.13%Households 1.03%Median Household Income 3.06%

RIVERSIDE COUNTYDEMOGRAPHICS

CBCSOCALGROUP.COM

Ontario3200 Guasti Road Suite 57Ontario, CA 91761(909) 980-6868

Temecula27720 Jefferson AvenueSuite 100BTemecula, CA 92590(951) 200-7683

San Diego4250 Executive SquareSuite 530La Jolla, CA 92037(858) 300-6777

Redlands 1200 California StreetSuite 130Redlands, CA 92374(909) 980-6868

Brandon SudweeksChief Executive Officer(951) 442-3763brandons@cbcsocalgroup.comCalBRE Lic. 01435174

Carey PastorSenior Vice President(951) 27-7434careyp@cbcsocalgroup.comCalBRE Lic. 01403298

FOR MORE INFORMATION, PLEASE CONTACT

OFFICE LOCATIONS