CAVA
Retail | 5.85% CAP | 3,055 SqFt
Marketing description
•Located on the outparcel of Gateway Plaza, a Target-anchored Power Center
•Brand new 15-year Lease
•10% rental increases every 5 years of initial term
•Three, 5-Year options, extending potential term through 2055
•Corporately-Guaranteed Lease
•Established in 2006, CAVA has recently scaled its national footprint, opening roughly 300+ stores since 2020 and added 72 new restaurants in 2025 alone
•Strong Initial Placer Data among CAVA locations
•Ranks Top 15% Nationally
•Ranks Top 4% in North Carolina
All 453 locations are owned corporately by Cava Group, Inc.
Investment highlights
•Located on a Primary Retail Corridor
•Close-Proximity to National Retailers: Target, Ross, The Home Depot, Hobby Lobby, Five Below, Marshall’s, At Home, Starbucks, Chick-Fil-A, Chipotle, etc
•Strong traffic counts with over 40,000 cars daily on Western Blvd
•Strong demographics:
•5-mile population: 73,542
•10-mile population: 132,171
•5-mile household income: $76,697
•Households within 5 miles annually spend over $187 million on food
Jacksonville, NC is home to the US Marine Corps’ Camp Lejeune and New River Air Station
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