Lake Forest / South Orange County

Grocery-Anchored Retail Space in Lake Forest

El Toro Road is where Lake Forest's grocery trips concentrate: Smart & Final on the 23600 block, Grocery Outlet at 22475, and Sprouts at the El Toro Road and Rockfield Boulevard intersection. The 23600 and 23700 blocks of El Toro also hold service tenants that like grocery traffic, including Ulta Beauty, European Wax Center, Massage Envy and Hand & Stone. Albertsons on Muirlands Boulevard at Ridge Route is the full-service grocery and pharmacy option on the west side of the city. We could not confirm a grocer in Foothill Ranch, and Trader Joe's lists no Lake Forest store, so a specialty grocer looking at the city may be filling a gap rather than joining a cluster.

Population

86,281

Median HHI

$135,175

Median age

40.2

Homeownership

70.5%

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.

Primary retail corridors

El Toro Road · Rockfield Boulevard · Bake Parkway · Trabuco Road · Lake Forest Drive

Centers worth touring for grocery-anchored retail space in Lake Forest

Specific shopping centers in Lake Forest that already carry credible co-tenancy for this use. Listed in approximate order of fit.

The Orchard at Saddleback

El Toro Road

Anchors / key tenants: HomeGoods, PetSmart, Ralphs, Staples

Big-box and home/lifestyle co-tenancy on El Toro near Saddleback. Strong destination errand pattern; thinner walk-in food traffic.

Twin Peaks Plaza

El Toro Road

Anchors / key tenants: Smart & Final, Crunch Fitness, BevMo!

Signalized entry from El Toro shared with Home Depot and the Orchard across the street. Fitness already in place.

El Toro & Trabuco Shopping Center

El Toro Road at Trabuco

Anchors / key tenants: Dollar Tree, Grocery Outlet

Value-tilted neighborhood center. Co-tenancy includes Bank of America, Pizza Hut, and Coffee Bean & Tea Leaf. Reads as the price-sensitive node of Lake Forest retail.

Lake Forest Marketplace

23783–23831 El Toro Road

Anchors / key tenants: Guitar Center, Harbor Freight, Island Pacific Seafood Market

Big-box value mix with a specialty Asian grocer (Island Pacific). Daily-needs QSR co-tenancy via Del Taco and Dunkin'.

Grocery-Anchored Retail Space operators already in Lake Forest

Existing operators are the most honest comp for whether a use can support Lake Forest rents. These are publicly visible grocery-anchored retail space businesses currently trading in the market.

  • Sprouts Farmers Market

    24332 Rockfield Boulevard, Lake Forest, CA 92630

    Store 439, which Sprouts' own page places at El Toro Road and Rockfield Boulevard. It is the only Lake Forest store on Sprouts' California list. The store has an in-store Klatch Coffee cafe.

  • Albertsons (Muirlands & Ridge Route)

    24251 Muirlands Boulevard, Lake Forest, CA 92630

    The only Albertsons on the grocer's Lake Forest page, with a pharmacy, DriveUp & Go pickup and an in-store bank. Albertsons' locator returned no Foothill Ranch page.

  • Smart & Final

    23631 A El Toro Road, Lake Forest, CA 92630

    Store 383 in the store data on Smart & Final's own site, open 6 a.m. to 10 p.m. It sits on the 23600 block of El Toro Road, where the operators' own locators also place Ulta Beauty (23608), European Wax Center (23632) and Massage Envy (23635, Suite A).

  • Grocery Outlet

    22475 El Toro Road, Lake Forest, CA 92630

    Discount grocer confirmed on Grocery Outlet's own site, on El Toro Road.

What to diligence before LOI

  1. 01

    Which column applies: the Land Use Matrix in Section 9.72.090 lists Retail Business (which covers a supermarket) as permitted in the C and UA categories, accessory only in I (footnote 1 caps accessory uses at 15% of the principal use's floor area) and prohibited in PA. The City's matrix guide puts C1, C2, CC, CN, NC, the Industrial Park district, and the commercial areas of the Lake Forest, Rancho de Los Alisos and Foothill Ranch planned communities into the C column. Any use not listed in the matrix is prohibited, so pull the parcel on the City's online zoning map before you rely on a column.

  2. 02

    Beer and wine: the matrix lists Alcohol Sales for Off-Site Consumption as a use permit in C, I, PA and UA. Footnote 21 adds the findings in Section 9.146.130 and notes the City Council's public convenience or necessity policy may also apply, so a grocer or market adding beer and wine should budget a use permit hearing into the lease timeline.

  3. 03

    Hours: Section 9.72.050 limits business hours in the CN commercial neighborhood district to 6:00 a.m. to 10:30 p.m., and the matrix requires a use permit for any Late-Night Use, which Section 9.04.030 defines as open to patrons at any time between midnight and 5:00 a.m. Confirm the district before promising a 24-hour or early-open format.

  4. 04

    Parking: Section 9.168.070 sets general retail at 1 space per 200 sq ft. Item 34, the shopping center ratio, lets shop uses that would normally need more (restaurants, for example, at 1 per 100 sq ft) park at 1 per 200 sq ft if the center has at least 8,000 sq ft of building space and at least four different tenants providing different services. Health clubs, theaters and other large destination uses are still counted at their own rates, which matters when a gym shares the lot with a grocer.

  5. 05

    Shop space next to the grocer: the matrix permits Personal Care Service (barber, beauty and nail salons), Medical Office, Pharmacy and Restaurant uses in C and UA, but a Massage Establishment needs a use permit (footnote 15, Chapter 5.07), a Drive-Through needs a site development permit, and Outdoor Display needs a site development permit. Check the landlord's exclusives against the Massage Envy and European Wax Center already on the 23600 block of El Toro.

  6. 06

    Foothill Ranch sites: the Foothill Ranch Planned Community text (PC 8) sends commercial land uses to matrix column C but sends off-street parking to the PC's own Section XIX. Ask Planning which parking table governs a Foothill Ranch suite before you size a grocery or restaurant user there.

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