CAVA 2900 Rio Grande Blvd

Investment Highlights

Brand New, NN Lease w/ 10% Base Rent Escalations Every 5 Years Minimal Landlord Responsibilities (Roof & Structure) & 2023 Construction Corporate Guarantee High Traffic Submarket - 26,000 VPD on Glade Rd & Rio Grande Blvd; 95,000 VPD on Hwy 121

Executive Summary

CAVA (the ?Property?) is a 2,500 square foot retail property located at Glade Parks in Euless, Texas. The Property is a newly built, single-tenant restaurant leased to CAVA. CAVA has entered into a 15-year, NN corporate guaranteed lease that includes four additional, 5-year renewal options. The lease includes 10% base rent escalations every 5 years of term during the initial period, with 10% escalations each option period as well. The tenant will be responsible for all costs to maintain the property and its patio, except for roof and structural repairs.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,500
• Year Built    2023
• Price    3,181,818
• Price Per SF    1,273
• Cap Rate    5.50
• NOI    175,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.78 AC