401 U.S. Highway 190
Covington (New Orleans MSA), LA 70433
CAVA
| Offering Summary | |||
|---|---|---|---|
| Price | $3,134,000 | Cap Rate | 5.50% |
| NOI | $172,391.00 | Rentable SF | 2,573 SF |
| Lot Size | 24,393 +/- SF | Year Built | 2025 |
| Lease Type | NNN | Lease Term | Ten (10) Years |
Investment Highlights
- Brand New 2025 High-Quality Construction w/ Drive-Thru
- 10-Year NNN Lease with 10% Increases Every 5 Years and (4) Five-Year Option Periods
- Strong Corporate Guarantee from Publicly Traded Company —CAVA (NYSE: CAVA) has a Current Market Cap of $10.1B, with 409 Stores Open and a Projection of 1,000+ Stores Open by 2032
- Positioned Along US Highway 190 Just Off the I-12 Interchange — Traffic Counts Exceed 76,000 Vehicles Per Day
- Dense and Affluent Demographics — 90,000 Residents Within 5 Miles with Average Household Income Over $109,000
- Zero Direct Competition & First-to-Market Advantage, Positioning CAVA as the Sole Health-Forward, Flavor-Driven Option for Busy Professionals, Families, and Wellness-Focused Consumers
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
[email protected]