CAVA | 5.19% Cap Rate | Free Standing Retail Investment Opportunity

Investment Highlights CORPORATELY GUARANTEED The lease is corporately guaranteed by CAVA- a now publicly traded company as of June 2023. Since their IPO in June, the company’s stock price has increased 300%.

COLLEGE TOWN LOCATION The subject property is strategically positioned just 1 mile northwest of Louisiana State University, offering unparalleled convenience for the state’s largest student body, comprising over 37,000 students.

LONG-TERM NNN LEASE & YIELD GROWTH Tenant signed a brand new 15 Year NNN* lease with 10% rental increases every five years and in each of the four, five-year options to renew.

NEW CONSTRUCTION WITH DRIVE THRU The property was constructed in 2023. It features a drive thru and modern facilities tailored to meet CAVA’s specific requirements, ensuring a high-quality tenant experience and little to no deferred maintenance, including a 20-year roof warranty with 19 years remaining.

STRONG PERFORMING & GROWING TENANT CAVA opened 72 new locations in 2023 and 50 units in 2024. CAVA is in major expansion mode aiming to reach 1,000 units by 2032.

SIGNALIZED HARD CORNER LOCATION The property is ideally situated and has excellent visibility at the corner of Highland Road and Lee Drive (21,709 VPD). The property also boasts multiple points of ingress and egress, ensuring seamless accessibility from both Highland Road and Lee Drive.

DOMINANT REGIONAL RETAIL DESTINATION CAVA is located within a dominant retail corridor and sits adjacent to the Highland Village Shopping Center that is anchored by Walmart Neighborhood Market. Additional surrounding national retailers include The UPS Store, CVS Pharmacy, Walgreens, Raising Cane’s, Circle K and numerous local uses and tenants.

STRONG DEMOGRAPHIC AREA This area of Baton Rouge boasts a population of over 146,000 within 5 miles of the subject property and an average household income exceeding $90,000 in both the 3- and 5-mile radius of the property.

Local Louisiana Agent: Bryce French +1 504 427 2090 bryce.french@cbre.com

Listing Team: Nick Holtz Associate Licensed: PA +1 610 386 6237 nick.holtz@cbre.com

Michael Shover Senior Vice President Licensed: PA, MD +1 484 567 2344 michael.shover@cbre.com