CAVA
2,500 SF | Retail Building | Euless, TX 76039 | $3,333,333 ($1,333/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,333,333
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,500 SF
- Price / Square Foot
- $1,333
Listing Contacts
Brandon Beeson
Verified Profile
Bill Pyle
Verified Profile
- Property Info
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. 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.
Property Details
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 33,977 SF
Highlights
- Brand New, NN Lease w/ 10% Base Rent Escalations Every 5 Years
- Corporate Guarantee
- Minimal Landlord Responsibilities (Roof & Structure) & 2023 Construction
- High Traffic Submarket - 26,000 VPD on Glade Rd & Rio Grande Blvd; 95,000 VPD on Hwy 121
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