CAVA Euless, Texas

Property Overview

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. According to Placer.ai, CAVA at Glade Parks has had over $3 million in sales within the last year, and is a top ranked location for the chain in Dallas/Fort Worth. 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.

Investment Highlights