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CAVA Restaurant Investment Opportunity
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1790 Hilliard Rome Road, Hilliard, OH 43026

New 15-year lease with rent increases every 5 years.

Property Size2,882 SF
Price / SF$1,214
Days on Market109

Property Features for 1790 Hilliard Rome Road

General Information

Standard status Active
Size 2,882 SF
Total Parking Spaces 57
Property subtype Retail
Zoning LC4-H-35
Occupancy 100%
Lease Type NN
Investment Type Net Lease
Net Operating Income $3,500,000

Building Details

Year Built 2026
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Pegasus Investments
Listed By: David Chasin · License #CA 01513027
Source: Crexi
Added: May 14 Changed: Aug 16 Last Checked: Aug 28 at 8:28PM

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 Pegasus Investments

Investment Insights

Based on property information with market context.

The property is occupied by CAVA, a rapidly expanding tenant that opened 72 new stores in 2025, increasing to 439 locations, and aims to surpass 1,000 locations by 2032. CAVA's revenue increased 23% YoY in 2025 and has grown by 61% since 2023. CAVA is the 6th largest publicly traded QSR (NYSE: CAVA) with a market capitalization exceeding $9 billion. The property is secured by a new 15-year corporate lease with CAVA. The lease includes 10% rent increases every 5 years throughout the base term and three option periods. The tenant is responsible for all expenses except the roof and structure; however, upon full roof replacement, maintenance obligations transfer to the tenant. CAVA opened in April 2026, after a complete renovation of the 2,882-square-foot property. The property is an outparcel to a Target-anchored center, which draws over 1.2 million annual visitors. The surrounding area features a lineup of QSRs, including Chick-fil-A, Chipotle, McDonalds, Starbucks, McAlister’s Deli, Krispy Kreme, Taco Bell, Applebee’s, Five Guys, Arby’s, IHOP, and Burger King. Hilliard has experienced more than 30% population growth since 2010 and is projected to expand an additional 50% through 2050. The property benefits from strong demographics, including average household incomes approaching $100,000 within a one-, three-, and five-mile radius. Hilliard Rome Road provides direct access to Interstate 70, the main artery from Hilliard to Downtown Columbus.

Key Highlights

  • Great Location on Major Hwy
  • Rustic and Ready
  • Various types of businesses will fit

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

571
Businesses Nearby
930k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 28% Shops & Services 23% Superstores 21% Apparel 20%
Sam's Club Superstores
103,196 visits/mo 0.3 miles
Target Superstores
93,432 visits/mo 0.1 miles
Kohl's Apparel
56,234 visits/mo 0.2 miles
Chick-fil-A Dining
47,412 visits/mo 0.0 miles
Marshalls Apparel
46,113 visits/mo 0.5 miles

Demographics for 43026, OH

64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - New 15-year lease with rent increases every 5 years.
Where is this conventional restaurant located?
The property is located at 1790 Hilliard Rome Road Hilliard, OH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
(310) 969-1135 Call to check price and availability
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