Listed by Tri-Oak Consulting Group
$3,286,650
CAVA - Baton Rouge, LA
Details
APN 610003
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,900
Units 1
Cap Rate 6.00%
NOI $197,199
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 15.1
Lease Expiration 01/31/2039
Remaining Term 12.5
Lease Options Four, 5-Year Options
Price per SqFt $1,133
Year Built 2023
Acreage 0.780
Lease Commencement 01/03/2024
Ground Lease No
CAVA | 6.00% CAP | 2,900 SqFt | High Traffic Corner
Investment highlights
- Strong Site Fundamentals - Nearly 150,000 residents in a 5-mile radius; AHHI exceeds $90,000 in both a 3- and 5-mile radius
- High Traffic, Hard Corner - Over 31,000 VPD pass by hard, signalized corner the subject property sits on (Highland Rd and W Lee Dr)
- Strategic Local Positioning - Located 1 mile away from LSU’s Campus which is home to over 42,000 students (the largest in the state) and is adjacent to the Walmart-Anchored Highland Village Shopping Center
- Corporate Backed Lease - The lease offers a strong guarantee by Corporate (NYSE: CAVA) which operates more than 300 locations throughout the United States with plans to increase store count to over 1,000 by 2032
- Limited Landlord Responsibilities - Recently constructed in 2023 to fit Cava’s specifications, the 20 year roof warranty outlives the base term of the lease; Tenant is responsible for CAM and reimburses for all Taxes & Insurance
- Capital of Louisiana - Baton Rouge is the Capital City and second most populous city in the state of Louisiana and sits 80 miles northwest of New Orleans (the most populous)
Listing Contacts
Listed by Tri-Oak Consulting Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$197,199.00
$16,433.25/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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