Cava

Lowest
Cap Rate

5.00%

Lowest cap rate over past 24 months

Average
Cap Rate

5.50%

12 mo avg with 5+ yr lease term

Overview

CAVA restaurants are typically located in dense urban or suburban retail corridors, shopping centers, and lifestyle centers. Sites range from 2,400 to 3,000 square feet and are often endcaps or inline spaces with patio seating. Leases are generally 10- to 15-year absolute NNN, with 10% rent escalations every 5 years. Most units are corporately guaranteed and part of new construction or second-generation restaurant conversions.

Average Property & Lease

Average Sale Price	$2,200,000 – $3,000,000
Average NOI	$120,000 – $180,000
Building SF	2,400
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	NYSE:CAVA

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

CAVA was founded in 2006 by three childhood friends in Rockville, Maryland, with the vision of bringing bold Mediterranean flavors to the fast casual dining space. Originally starting as a full-service restaurant, the brand pivoted to a customizable bowl and pita model that emphasizes clean ingredients, bold spices, and health-conscious eating. CAVA gained national attention after acquiring Zoës Kitchen in 2018 and completed its IPO in June 2023, trading under the name CAVA Group, Inc

Founded	2006
Headquarters	Washington, D.C., U.S.
Number of Locations	300
Revenue	$728 Million
Company Website	https://www.cava.com
Key Principal	Brett Schulman

Cava

Lowest Cap Rate

5.00%

Average Cap Rate

5.50%

Overview

Average Property & Lease

CREDIT RATING

S&P

N/A

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate