CAVA Restaurant
For Sale
Contact for pricing
1375 Western Blvd, Jacksonville, NC 28546
Restaurant outparcel within Gateway Plaza, a Target-anchored power center.
Property SizeContact for details
Days on Market199
Property Features for 1375 Western Blvd
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$189,410
Building Details
Year Built
1988
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Palomar Real Estate Group
Listed By:
David Rivers · License #GA 311935
Source:
Crexi
Added: Apr 1
Changed: Oct 11
Last Checked: Oct 14 at 10:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palomar Real Estate Group
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Investment Insights
Based on property information with market context.
Located at 1375 Western Blvd in Jacksonville, North Carolina, this restaurant property occupies an outparcel at Gateway Plaza, a power center anchored by Target. The site is associated with CAVA, a restaurant brand established in 2006.
The property is subject to a new 15-year lease with a corporate guarantee from Cava Group, Inc. Contractual rent increases occur at 10% intervals every 5 years during the initial term, followed by three additional 5-year options. If fully exercised, the option periods extend the potential lease term through 2055.
Cava Group, Inc. corporately owns all 453 CAVA locations. The company has opened roughly 300+ stores since 2020, including 72 new restaurants in 2025.
The property is subject to a new 15-year lease with a corporate guarantee from Cava Group, Inc. Contractual rent increases occur at 10% intervals every 5 years during the initial term, followed by three additional 5-year options. If fully exercised, the option periods extend the potential lease term through 2055.
Cava Group, Inc. corporately owns all 453 CAVA locations. The company has opened roughly 300+ stores since 2020, including 72 new restaurants in 2025.
Key Highlights
- CAVA restaurant outparcel at Gateway Plaza, a Target‑anchored power center
- New 15‑year lease with a corporate guarantee from Cava Group, Inc.
- 10% rental increases every 5 years during the initial lease term
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
941k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Superstores 20%
Shops & Services 20%
Apparel 19%
Target
Superstores
96,424 visits/mo
0.2 miles
Sam's Club
Superstores
95,878 visits/mo
0.4 miles
Chick-fil-A
Dining
56,504 visits/mo
0.1 miles
Marshalls
Apparel
49,272 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
45,422 visits/mo
0.4 miles
Demographics for 28546, NC
48,547
Population
21,387
Households
2.3
Avg Household Size
30
Median Age
25%
College-Educated
95%
High-School Grad
103.9 sq mi
ZIP Area
467
Density / Sq Mi
$60,552
Median Household Income
$39,487
Median Earnings
$1,174
Median Rent
$212,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant outparcel within Gateway Plaza, a Target-anchored power center.
Where is this conventional restaurant located?
The property is located at 1375 Western Blvd Jacksonville, NC.
What is the asking price?
The asking price for this property is $3,157,000.
What are key features of this property?
This property features: CAVA restaurant outparcel at Gateway Plaza, a Target‑anchored power center; New 15‑year lease with a corporate guarantee from Cava Group, Inc.; 10% rental increases every 5 years during the initial lease term
