5295 Highland Rd - Retail FOR SALE
Baton Rouge, LA 70808 |
5295 Highland Rd
Baton Rouge, LA 70808
HIGHLIGHTS
- Lease is corporately guaranteed by CAVA, a publicly traded company with a 300% stock increase since its June 2023 IPO.
- The property is located 1 mile from Louisiana State University, providing access to over 37,000 students.
- 15-year NNN lease with 10% rent increases every 5 years and four renewal options.
- Newly constructed in 2023, featuring a drive-thru and 20-year roof warranty.
- CAVA is rapidly expanding, aiming for 1,000 units by 2032, with 72 new locations in 2023.
- Positioned at a signalized hard corner near a dominant retail area with strong local demographics.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CAVA | Baton Rouge, LA
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
2900
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
00610003
