Property Description
Strong Site Fundamentals - Nearly 150,000 residents in a 5-mile radius; AHHI exceeds $90,000 in both a 3- and 5-mile radius
High Traffic, Hard Corner - Over 31,000 VPD pass by hard, signalized corner the subject property sits on (Highland Rd and W Lee Dr)
Strategic Local Positioning - Located 1 mile away from LSU’s Campus which is home to over 42,000 students (the largest in the state) and is adjacent to the Walmart-Anchored Highland Village Shopping Center
Corporate Backed Lease - The lease offers a strong guarantee by Corporate (NYSE: CAVA) which operates more than 300 locations throughout the United States with plans to increase store count to over 1,000 by 2032
Limited Landlord Responsibilities - Recently constructed in 2023 to fit Cava’s specifications, the 20 year roof warranty outlives the base term of the lease; Tenant is responsible for CAM and reimburses for all Taxes & Insurance
Capital of Louisiana - Baton Rouge is the Capital City and second most populous city in the state of Louisiana and sits 80 miles northwest of New Orleans (the most populous
Offering Memorandum
Property Details
Property Type
QSR
Net-Lease
NN+
Size
2,900
Acres
0.90
Property Location
5295 Highland Rd, Baton Rouge, LA 70808, USA