Listed by ParaSell Inc, Hanley Investment Group
$4,545,000
CAVA & PDS Health | Alcoa, TN
Details
Property Type Retail
Square Footage 6,000
Net Rentable (SqFt) 6,000
Cap Rate 5.75%
NOI $261,221
Occupancy 100%
Lease Type NNN
Year Built 2018
Acreage 0.910
Ground Lease No
100% Occupied 2-Tenant Pad; Long-Term Leases | Pad to High-Volume Walmart and Lowe’s
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Cava_PDS_Alcoa
Investment highlights
- Two-Tenant NNN Retail Investment; Pad to Hunters Crossing, Anchored by High-Volume Walmart and Lowe’s (3.8 Million Annual Visits, Placer.ai):
- Corporate PDS Health:
- New 10-year lease extension due to strong performing location
- Rent increase in November 2029
- Two 5-year options with 10% increases
- PDS Health is one of the nation’s largest private dental companies, with over 1,000 locations in 24 states and plans for continued expansion
- Corporate CAVA (NYSE: CAVA):
- Brand-new 10-year lease
- 10% increases every 5 years during the base term and in each of the four 5-year options
- CAVA has 450+ locations across the United States
- In 2025, CAVA surpassed $1 billion in annual revenue, representing approximately 22.5% year-over-year growth
- High average unit volumes of roughly $2.9–$3.0 million per location, placing CAVA among the top-performing brands in the fast-casual restaurant sector
- #1 “Fastest Growing Brand” by Fast Company (2024)
- #2 “Best Fast Casual Restaurant” by USA Today (2025)
- Corporate PDS Health:
- High-Traffic Location Along U.S. Highway 129 (35,500 CPD)
- Located Directly Across from Hamilton Crossing, a 175,000 SF Center Anchored by Ross Dress for Less, Old Navy, Dick’s Sporting Goods, Michaels, and PetSmart (4.2 Million Annual Visits, Placer.ai)
- Located 15 Minutes South of Downtown Knoxville, 3 Miles South of McGhee Tyson Airport, and 2 Miles North of Foothills Mall:
- Knoxville is the third-largest city in the state, with an MSA population of 950,000+, and is home to the University of Tennessee, with over 40,000 students
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,221.00
$21,768.42/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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