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5295 Highland Rd
Baton Rouge, LA 70808

$3,585,453 USD

General Retail For Sale  •  1,500 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,900 SF
  • Lot Size 0.9 AC
  • Building Class C
  • Year Built 2023
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning C2 Heavy Commercial
0 Transit Score
68 Walk Score

Highlights

Lease is corporately guaranteed by CAVA, a publicly traded company with a 300% stock increase since its June 2023 IPO.
The property is located 1 mile from Louisiana State University, providing access to over 37,000 students.
15-year NNN lease with 10% rent increases every 5 years and four renewal options.
Newly constructed in 2023, featuring a drive-thru and 20-year roof warranty.
CAVA is rapidly expanding, aiming for 1,000 units by 2032, with 72 new locations in 2023.
Positioned at a signalized hard corner near a dominant retail area with strong local demographics.
Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
CAVA 2,900 SF 1/31/2039

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Baton Rouge Metro Ryan Field 21 min - 13.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.