Learn more about this property

Details: Retail

Asking Price: $3,444,000

Square Feet: 3,054 SF

Asking Cap Rate: 5.5%

Year Built: 1988

Year Renovated: 2025

NOI: $189,410

CAVA

1375 Western Blvd, Jacksonville, NC 28546

 

  • 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

Contact us about this property