Restaurant Investment
4220 Ambassador Caffery Pkwy, Lafayette, LA 70508
For Sale
Contact for pricing
Net leased to CAVA & Popeyes with long-term income.
Property Size4,250 SF
Price / SF$993.18
Days on Market233
Property Features for 4220 Ambassador Caffery Pkwy
General Information
Standard status
Size
Property subtype
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Michael Yuras · License CA #01823291
(415) 481-0788
Source:
Crexi
Added: Mar 27
Changed: Nov 6
Last Checked: Nov 12 at 6:27AM
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 Cushman & Wakefield - Sacramento, California
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Investment Insights
Based on property information with market context.
This commercial property is net leased to CAVA (Corporate) and Popeyes (113-Unit Operator) under new 15-year agreements. The leases include 10% rental increases every five years throughout the initial term and option periods. Popeyes, the world’s second-largest quick-service chicken concept with over 4,700 units, opened 126 new restaurants in the U.S. in 2024 and is planning to open hundreds of new locations, including a flagship store in Times Square and other locations in major cities such as New York and London. CAVA (NYSE: “CAVA”) has a current market cap of $9.69 billion, with 383 stores open and a projection of over 1,000 stores open by 2032. CAVA went public in June 2023, reporting $203 million in Q3 2024. The property is suitable for drive-through restaurants, conventional restaurants, and other commercial real estate ventures. The property size is 4,250 square feet.
Key Highlights
- New 15‑year net leases to CAVA (Corporate) & Popeyes (113‑Unit Operator)
- 10% rental increases every five years in initial term and option periods
- CAVA (NYSE: “CAVA”) has a current market cap of $9.69 billion
Property Analytics
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Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
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Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Net leased to CAVA & Popeyes with long-term income.
Where is this drive through restaurant located?
The property is located at 4220 Ambassador Caffery Pkwy Lafayette, LA.
What is the asking price?
The asking price for this property is $4,221,000.
What are key features of this property?
This property features: New 15‑year net leases to CAVA (Corporate) & Popeyes (113‑Unit Operator); 10% rental increases every five years in initial term and option periods; CAVA (NYSE: “CAVA”) has a current market cap of $9.69 billion
