CAVA

2963 South Church Street, Murfreesboro, TN 37127

$3,218,000

Cap Rate 5.00%

Views: 301 DOM: 85 Updated: 10.15.24 Posted: 08.28.24 Status: Active

Summary

Price $3,218,000	Built/Renov 2024	Tenant CAVA
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,595	Lease Start 11-01-2024	#Units 323
Price/SF $1,240.08	Expiration 10-31-2039	Tenant Type Fast Casual/Rest.
NOI $160,890	R. Term 14.11	Ownership Fee Simple
Rent/SF $62.00	Increases 10.0%/5/yrs	Pop 5Mi 104,997
Lot/AC 0.00	Options 4/5yrs/10%	AHHI 5Mi $93,326

Lease Highlights

Brand new 2024 construction
New 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

CAVA is strategically located on South Church Street, with access to a high daily traffic count of 50,028 vehicles. The property is in close proximity to well-known national tenants, including Walmart Supercenter (2.3 million annual visits per Placer.ai), Kroger (1.4 million annual visits, ranking in the top 20% of locations in Tennessee), ALDI (328,000 annual visits), Planet Fitness, and...

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Key Features

New construction
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company

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Links

CAVA Wikipedia Murfreesboro, Tennessee Zip Code 37127 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CAVA
Guarantor:Corp Traded
Company:CAVA Group
# Units:323
Stock: NYSE: CAVA

About Tenant

CAVA is the largest chain of Mediterranean restaurants in the United States. CAVA is a Mediterranean fast-casual restaurant experience featuring customizable & craveable salads, bowls, and pitas....

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Listing Broker

Putnam Daily

Fisher James Capital

Contact

91 Listings
10182 Views
23 Sold

Vahe Nokhoudian

Fisher James Capital

Contact

24 Listings
2384 Views
4 Sold

Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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Vahe Nokhoudian

Fisher James Capital is based in San Francisco with partners in Silicon Valley and the East Bay. Specializing in leased investment brokerage, the partners represent private and institutional capital clients on the disposition and acquisition of single and multi-tenant commercial properties nationwide. This multi-market approach works to align capital into sound investments with a specific strategy positioning newly constructed properties to passive investors.

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