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5295 Highland Rd
Baton Rouge, LA 70808
CAVA | Baton Rouge, LA · Retail Property For Sale
Investment Highlights
- Lease is corporately guaranteed by CAVA, a publicly traded company with a 300% stock increase since its June 2023 IPO.
- 15-year NNN lease with 10% rent increases every 5 years and four renewal options.
- CAVA is rapidly expanding, aiming for 1,000 units by 2032, with 72 new locations in 2023.
- The property is located 1 mile from Louisiana State University, providing access to over 37,000 students.
- Newly constructed in 2023, featuring a drive-thru and 20-year roof warranty.
- Positioned at a signalized hard corner near a dominant retail area with strong local demographics.
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
C2 Heavy Commercial - Commercial
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 00610003 | Improvements Assessment | $61,300 |
| Land Assessment | $25,000 | Total Assessment | $86,300 |
Property Taxes
Parcel Number
00610003
Land Assessment
$25,000
Improvements Assessment
$61,300
Total Assessment
$86,300
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