401 N Highway 190 - Fast Food FOR SALE


Covington, LA 70433
$3,134,000 USD
619-218-6427
401 N Highway 190, Covington, LA for Sale
$3,134,000 USD
Fast Food - FOR SALE
1/6
null | 5.5% Cap Rate

401 N Highway 190
Covington, LA 70433


HIGHLIGHTS

  • Brand New 2025 High-Quality Construction w/ Drive-Thru
  • 10-Year NNN Lease with 10% Increases Every 5 Years and (4) Five-Year Option Periods
  • Strong Corporate Guarantee from Publicly Traded Company — CAVA (NYSE: CAVA) has a Current Market Cap of $10.1B, with 409 Stores Open
  • Positioned Along US Highway 190 Just Off the I-12 Interchange — Traffic Counts Exceed 76,000 Vehicles Per Day
  • Dense and Affluent Demographics — 90,000 Residents Within 5 Miles with Average Household Income Over $109,000
  • Zero Direct Competition & First-to-Market Advantage, Positioning CAVA as the Sole Health-Forward, Flavor-Driven Option for Busy Professionals

OVERVIEW

The subject property is a brand-new 2025 construction freestanding CAVA located in Covington, LA (New Orleans MSA). The ten (10) year NNN lease is corporately guaranteed by CAVA Group, Inc. (NYSE: CAVA) and features 10% rental increases every five years during the primary term and in each of the (4) five-year option periods. This investment offers passive, long-term income backed by one of the fastest-growing fast-casual restaurant brands in the United States. This CAVA is strategically positioned along US Highway 190, just off the I-12 interchange, in a dense and highly trafficked retail corridor with visibility to over 76,000 vehicles per day. Located just west of Downtown Covington and approximately 35 miles north of New Orleans, the property benefits from strong regional connectivity and proximity to major demand drivers. The area features a robust demographic profile, with over 90,000 residents and an average household income exceeding $109,000 within a 5-mile radius. The site benefits from exceptional retail synergy, drawing from high daily traffic and neighboring national brands that help drive consistent footfall. Major employers in the Covington and St. Tammany Parish area include Globalstar, Zen-Noh Grain Corporation, POOLCORP, St. Tammany Health System / St. Tammany Parish Hospital, and Chevron’s regional office that together, employ over 10,000 employees. Other national retailers in the immediate vicinity include Walmart, Lowe’s, Home Depot, ALDI, Office Depot, Planet Fitness, Starbucks, Chick-fil-A, Chipotle, IHOP, Outback Steakhouse, Raising Cane’s, Smalls Sliders, Burger King, Taco Bell, Wendy’s, Smoothie King, Firehouse Subs, Waffle House, Jimmy John’s, Dunkin’, Arby’s, Popeyes, Circle K, Racetrac, Exxon, Fidelity Bank, Liberty Bank, Old Navy, Sport Clips, CVS Pharmacy, Urban Air, McDonald’s, Bath & Body Works, Chipotle, Victoria’s Secret, Sherwin-Williams, Whole Foods, Banana Republic, and AutoZone. This is a strong opportunity to acquire a well-located asset in a growing Louisiana market.

FOR SALE DETAILS

PRICE

$3,134,000 USD

PRICE/SF

$1,218 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA | New 10-Year Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,393 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.