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| Price $2,395,000 $2,395,000 | Built/Renov 2024 | Tenant CAVA |
| Cap Rate 5.50% 5.50% | Lease Type
NN+ | Guarantor Corp Traded |
| Size/SF
2,500
| Lease Start
09-29-2024
| #Units
300
|
| Price/SF $958.00 $958.00 | Expiration
09-30-2034
| Tenant Type Fast Casual/Rest. |
| NOI $131,625 | R. Term 9.8 | Ownership Fee Simple |
| Rent/SF
$52.65
| Increases 10.0%/5/yrs | Pop 5Mi 87,204 |
| Lot/AC 0.70 | Options 4/5yrs/10% | AHHI 5Mi $97,438 |
| | |
CAVA is strategically positioned on Northgate Mall Drive, benefiting from a robust daily traffic count of 51,800 vehicles. The property is an outparcel to Northgate Mall, which hosts several popular national tenants such as T.J. Maxx, Michaels, Ross Dress for Less, Old Navy, and AMC Theatres. Additionally, it is located just a few miles south of Oak Park Town Center, a shopping center anchored...
...New construction
Build to suit
Dense retail corridor
Near major nationals
Major MSA
Income tax free state
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
CAVA is a Mediterranean culinary brand with a flavorful and healthy fast-casual restaurant experience featuring customizable & crave-able salads, bowls, and pitas. CAVA also produces a line of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 4,935 | 35,655 | 88,776 |
| 2024 Total Population : | 4,816 | 34,725 | 87,016 |
| 2024 Employed Civilian Pop : | 2,094 | 17,736 | 44,669 |
| 2024 Total Businesses : | 659 | 1,530 | 3,121 |
| 2024 Average Household Income : | $ 88,801 | $ 107,722 | $ 107,891 |
| 2024 Total Consumer Spending : | $ 163 M | $ 1402 M | $ 3557 M |
| 2024 Median Age : | 42 | 41 | 40 |
| 2024 Total Households : | 2,092 | 14,869 | 37,651 |
| 2024 Pop Age 25+: Bachelor's Degree : | 577 | 6,874 | 16,358 |
| 2024 Average Home Value : | $ 307,811 | $ 363,168 | $ 388,289 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| State Hwy 153 | Northgate Mall Dr | 2018 | 50,023 | 0.09 mi |
| Hamilton Memorial Gdns | 2022 | 46,723 | 0.14 mi | |
| Hixson Pike | Williams Rd | 2022 | 24,773 | 0.36 mi |
| Hixson Pike | Northgate Park | 2022 | 31,309 | 0.41 mi |
| Hamill Rd | Sarasota Dr | 2018 | 9,633 | 0.42 mi |
| Hixson Pike | Northgate Park | 2018 | 30,922 | 0.44 mi |
| Hamill Rd | Strawberry Ln | 2018 | 5,856 | 0.45 mi |
| Hamill Road | Bagwell Ave | 2022 | 8,956 | 0.51 mi |
| Adams Road | Kanasita Dr | 2022 | 2,202 | 0.52 mi |
| NorthPoint Boulevard | Northgate Park | 2022 | 6,644 | 0.53 mi |
Lake Jackson, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,518
Appleton, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 3,042
San Antonio, TX
Cap Rate 6.25%
Lease Abs NNN
R. Term 9.70 yrs
Size/SF 1,509
Albuquerque, NM
Cap Rate 6.35%
Lease Abs NNN
R. Term 5.40 yrs
Size/SF 3,264
Middleburg Heights, OH
Cap Rate 5.75%
Lease NN+
R. Term 14.70 yrs
Size/SF 3,429
Vernal, UT
Cap Rate 4.73%
Lease Abs NNN
R. Term 5.50 yrs
Size/SF 1,496
San Antonio, TX
Cap Rate 6.25%
Lease Abs NNN
R. Term 9.70 yrs
Size/SF 1,304
Kerrville, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 3,027
Blairsville, GA
Cap Rate 5.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 1,246
Dixon, IL
Cap Rate 5.70%
Lease NN+
R. Term 13.50 yrs
Size/SF 2,350
Taylorville, IL
Cap Rate 6.50%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 1,576
Harlingen, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 6.11 yrs
Size/SF 2,392
San Antonio, TX
Cap Rate 6.25%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,650
Dayton, OH
Cap Rate 5.50%
Lease NN+
R. Term 13.60 yrs
Size/SF 2,325
Bellmawr, NJ
Cap Rate 5.00%
Lease NN+
R. Term 12.00 yrs
Size/SF 2,325
Corona, CA
Cap Rate 5.00%
Lease NN+
R. Term 7.30 yrs
Size/SF 2,533
Radford, VA
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,742
Monroe, NC
Cap Rate 5.85%
Lease Double NN
R. Term 13.30 yrs
Size/SF 2,700
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
