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Cava & Shake Shack | 2026 Redevelopment 78772 Highway 111 5,832 SF 100% Leased Retail Building La Quinta, CA 92253 $10,056,675 CAD ($1,724.40 CAD/SF) 5% Cap Rate

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Investment Highlights

Brand New 10 & 15-Year Lease | 2026 Redevelopment | Net Leases
Two Signalized, Hard Corner Intersections | Centralized Location |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open
40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact

Outparcel to One Eleven La Quinta Center | 6M+ Visitors Annually |Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)
Strong Demographics in 5-Mile Trade Area | Affluent Incomes

Executive Summary

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2-tenant, freestanding Shake Shack and Cava Pad located in La Quinta, CA (Coachella Valley MSA). The property is positioned on a 0.56-acre parcel and is comprised of two suites totaling 5,832 SF. The property was completely redeveloped in 2026 and features brand new construction, top-of-the-line amenities, and a modern design, significantly minimizing the risk of near-term capital expenditures. In addition, the tenant lineup is comprised of Shake Shack (NYSE: SHAK) and Cava (NYSE: CAVA), two publicly traded, nationally recognized fast casual restaurants with a combined market cap of more than approximately $11.4 billion. The tenants recently signed new 15-year (Shake Shack) and 10-year (Cava) leases with multiple options to extend, demonstrating their long-term commitment to the subject trade area and shopping center. Both leases are structured as net leases and feature scheduled 10% increases every five years, minimizing expense leakage for a future investor and providing a hedge against inflation.