CAVA & Popeyes | Lafayette, LA
46,800 VPD Directly in Front of Site | Strong Guarantees
Marketing description
New 15-year net leases to CAVA (Corporate) & Popeyes (113-Unit Operator).
10% rental increases every five years in initial term and option periods, providing a long-term income generator.
Popeyes is the world’s second-largest quick-service chicken concept, with 4,700+ units, and 126 new restaurants opened in the U.S. in 2024.
Popeyes is targeting the opening of hundreds of new locations, including a flagship store in Times Square and other locations in major cities such as New York and London.
CAVA (NYSE: “CAVA”) has a current market cap of $9.69 billion, with 383 stores open and a projection of 1,000+ stores open by 2032.
CAVA went public in June 2023, reporting $203 million in Q3 2024.
Investment highlights
Highly visible and easily accessible location near the signalized four-way intersection of Ambassador Caffery Pkwy (46,837 AADT) and Settlers Trace Blvd.
The site’s proximity to LA-3073 (29,932 AADT) and Kaliste Saloom Road (25,445 AADT) allows the property to capture significant local and commuter traffic.
This is the only CAVA location serving the city of Lafayette, with the next closest location more than 50 miles away.
Positioned along one of Lafayette’s primary retail corridors and surrounded by a strong mix of major local and national retailers, including Target, Costco Wholesale, Dick’s Sporting Goods, Topgolf, Kohl’s, Albertsons, Whole Foods, Ross, and many more.
Less than two miles from well-attended schools such as Ovey Comeaux High School (982 students) and St. Thomas More Catholic High School (928 students)
Minutes from Our Lady of Lourdes Regional Medical Center (391 beds; 2,200+ employees) and Our Lady of Lourdes Women’s & Children’s Hospital (161 beds; 300+ employees).
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