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1375 Western Blvd
Jacksonville, NC 28546
CAVA · Retail Property For Sale
Investment Highlights
- Located on the outparcel of Gateway Plaza, a Target-anchored Power Center
- Corporately-Guaranteed Lease
- Brand new 15-year Lease
Executive Summary
- Located on the outparcel of Gateway Plaza, a Target-anchored Power Center
- Brand new 15-year Lease
- 10% rental increases every 5 years of initial term
- Three, 5-Year options, extending potential term through 2055
- Corporately-Guaranteed Lease
- Established in 2006, CAVA has recently scaled its national footprint, opening roughly 300+ stores since 2020 and added 72 new restaurants in 2025 alone
- Strong Initial Placer Data among CAVA locations
- Ranks Top 15% Nationally
- Ranks Top 4% in North Carolina
- All 453 locations are owned corporately by Cava Group, Inc.
- Located on a Primary Retail Corridor
- Close-Proximity to National Retailers: Target, Ross, The Home Depot, Hobby Lobby, Five Below, Marshall’s, At Home, Starbucks, Chick-Fil-A, Chipotle, etc
Strong traffic counts with over 40,000 cars daily on Western Blvd
- Strong demographics:
- 5-mile population: 73,542
- 10-mile population: 132,171
- 5-mile household income: $76,697
- Households within 5 miles annually spend over $187 million on food
- Jacksonville, NC is home to the US Marine Corps’ Camp Lejeune and New River Air Station
- Brand new 15-year Lease
- 10% rental increases every 5 years of initial term
- Three, 5-Year options, extending potential term through 2055
- Corporately-Guaranteed Lease
- Established in 2006, CAVA has recently scaled its national footprint, opening roughly 300+ stores since 2020 and added 72 new restaurants in 2025 alone
- Strong Initial Placer Data among CAVA locations
- Ranks Top 15% Nationally
- Ranks Top 4% in North Carolina
- All 453 locations are owned corporately by Cava Group, Inc.
- Located on a Primary Retail Corridor
- Close-Proximity to National Retailers: Target, Ross, The Home Depot, Hobby Lobby, Five Below, Marshall’s, At Home, Starbucks, Chick-Fil-A, Chipotle, etc
Strong traffic counts with over 40,000 cars daily on Western Blvd
- Strong demographics:
- 5-mile population: 73,542
- 10-mile population: 132,171
- 5-mile household income: $76,697
- Households within 5 miles annually spend over $187 million on food
- Jacksonville, NC is home to the US Marine Corps’ Camp Lejeune and New River Air Station
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,055 SF
Building Class
B
Year Built/Renovated
1988/2025
Price
$3,444,000
Price Per SF
$1,127.33
Cap Rate
5.50%
NOI
$189,410
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.07 AC
Zoning
CC - Community Commercial
Parking
30 Spaces (9.82 Spaces per 1,000 SF Leased)
Frontage
56’ on Western Blvd
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 058072 | Improvements Assessment | $177,190 |
| Land Assessment | $689,280 | Total Assessment | $866,470 |
Property Taxes
Parcel Number
058072
Land Assessment
$689,280
Improvements Assessment
$177,190
Total Assessment
$866,470
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