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4220 Ambassador Caffery Pky
Lafayette, LA 70508
Cava & Popeyes · Retail Property For Sale
Investment Highlights
- New 15-year net leases to CAVA (Corporate) & Popeyes (113-Unit Operator).
- Popeyes is the world’s second-largest quick-service chicken concept, with 4,700+ units, and 126 new restaurants opened in the U.S. in 2024.
- CAVA (NYSE: “CAVA”) has a current market cap of $9.69 billion, with 383 stores open and a projection of 1,000+ stores open by 2032
- 10% rental increases every five years in initial term and option periods, providing a long-term income generator.
- Popeyes is targeting the opening of hundreds of new locations, including a flagship store in Times Square and other locations in major cities .
- CAVA went public in June 2023, reporting $203 million in Q3 2024
Executive Summary
Highly visible and easily accessible location near the signalized four-way intersection of Ambassador Caffery Parkway (46,837 AADT) and Settlers Trace Boulevard. This is the only CAVA location serving the city of Lafayette, with the next closest location more than 50 miles away. The five-mile radius serves a population of 132,000+, with average annual household income exceeding $130,000 within one mile. The property is an outparcel to At Home and Academy Sports + Outdoors, providing strong crossover traffic and exposure. Located less than two miles from Ovey Comeaux High School and St. Thomas More Catholic High School, and minutes from Our Lady of Lourdes Regional Medical Center and Our Lady of Lourdes Women’s & Children’s Hospital. Approximately five miles from Downtown Lafayette, part of a metro area with a population of 396,000+.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
4,250 SF
Building Class
C
Year Built
2025
Price
$6,027,802 CAD
Price Per SF
$1,418.31 CAD
Cap Rate
5.75%
NOI
$346,599 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.96 AC
Parking
43 Spaces (10.12 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 6158227 | Improvements Assessment | $0 CAD |
| Land Assessment | $85,492 CAD | Total Assessment | $85,492 CAD |
Property Taxes
Parcel Number
6158227
Land Assessment
$85,492 CAD
Improvements Assessment
$0 CAD
Total Assessment
$85,492 CAD
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