CAVA - 10-Year NNN Lease with Increases - 401 US-190

Covington, LA 70433

• NNN Property
• Retail for Sale
• $4,171,862 CAD
• 2,573 SF

Covington Retail for Sale - Mandeville/Covington

The subject property is a brand-new 2025 construction freestanding CAVA located in Covington, Louisiana (New Orleans MSA). The ten-year NNN lease is corporately guaranteed by CAVA Group, Inc. (NYSE: CAVA) and features 10% rental increases every five years during the primary term and in each of the four five-year option periods. This investment offers passive, long-term income backed by one of the fastest-growing fast-casual restaurant brands in the United States. This CAVA is strategically positioned along US Highway 190, just off the I-12 interchange, in a dense and highly trafficked retail corridor with visibility to over 76,000 vehicles per day. Located just west of Downtown Covington and approximately 35 miles north of New Orleans, the property benefits from strong regional connectivity and proximity to major demand drivers. The area features a robust demographic profile, with over 90,000 residents and an average household income exceeding $109,000 within a five-mile radius. The site benefits from exceptional retail synergy, drawing from high daily traffic and neighboring national brands that help drive consistent footfall. Major employers in the Covington and St. Tammany Parish area include Globalstar, Zen-Noh Grain Corporation, POOLCORP, St. Tammany Health System / St. Tammany Parish Hospital, and Chevron’s regional office that together employ over 10,000 employees. Other national retailers in the immediate vicinity include Walmart, Lowe’s, Home Depot, ALDI, Office Depot, Planet Fitness, Starbucks, Chick-fil-A, Chipotle, IHOP, Outback Steakhouse, Raising Cane’s, Smalls Sliders, Burger King, Taco Bell, Wendy’s, Smoothie King, Firehouse Subs, Waffle House, Jimmy John’s, Dunkin’, Arby’s, Popeyes, Circle K, Racetrac, Exxon, Fidelity Bank, Liberty Bank, Old Navy, Sport Clips, CVS Pharmacy, Urban Air, McDonald’s, Bath & Body Works, Victoria’s Secret, Sherwin-Williams, Whole Foods, Banana Republic, and AutoZone. This is a strong opportunity to acquire a well-located asset in a growing Louisiana market.

Contact:

Wertz Real Estate Investment Services

Property Subtype:

Fast Food

Date on Market:

2026-01-06

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Pizza Hut - 19151 Florida Blvd

Albany, LA 70711

• NNN Property
• Retail for Sale
• $987,965 CAD
• 2,008 SF

Albany Retail for Sale - Livingston Parish

• The tenant currently has 6+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 6% rental increase next year and a 6% rental increase in the first option, the remaining 3 options have 5% rental increases, growing NOI and hedging against inflation • JJB Brands was founded in 2017 with the acquisition of 35 Pizza Huts in Mississippi. Today, the company represents Checker’s and Moe’s, with more than 100 restaurants across five states

Contact:

SRS National Net Lease

Property Subtype:

Freestanding

Date on Market:

2025-12-16

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Texas Roadhouse - Covington LA - 6025 Pinnacle Pky

Covington, LA 70433

• NNN Property
• Retail for Sale
• $3,130,875 CAD
• 6,942 SF

Covington Retail for Sale - Mandeville/Covington

• The tenant currently has 10 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features a 5% increase in Nov. of 2030 and 10% increases at the beginning of each option, growing NOI and hedging against inflation • Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment that first opened in 1993 and today has grown to over 800 restaurants system-wide in 49 states

Contact:

SRS Real Estate Partners

Property Subtype:

Restaurant

Date on Market:

2025-11-04

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Popeyes - 1209 W Oak St

Amite, LA 70422

• NNN Property
• Retail for Sale
• $4,333,255 CAD
• 2,250 SF

Amite Retail for Sale

Surmount is pleased to present the exclusive listing for a Popeyes located at 1209 W Oak St, Amite, LA 70422. The site consists of roughly 2,250 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $179,060 and has scheduled increases of 1.75% annually.

Contact:

Surmount

Property Subtype:

Fast Food

Date on Market:

2025-10-15

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Popeyes - 14274 University Ave

Hammond, LA 70401

• NNN Property
• Retail for Sale
• $3,290,881 CAD
• 2,599 SF

Hammond Retail for Sale

Surmount is pleased to present the exclusive listing for a Popeyes located at 14274 University Ave, Hammond, LA 70401. The site consists of roughly 2,599 rentable square feet of building space on an estimated 0.31-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $135,987 and has scheduled increases of 1.75% annually.

Contact:

Surmount

Property Subtype:

Fast Food

Date on Market:

2025-10-15

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Northshore Eye Associates - 17170 I-12 Service rd

Ponchatoula, LA 70454

• NNN Property
• Office for Sale
• $10,137,599 CAD
• 17,665 SF

Ponchatoula Office for Sale

Zeustra is proud to present an unparalleled investment opportunity in a best-in-class ophthalmology and ambulatory surgery center campus totaling 17,665?SF, fully NNN-leased to the highly regarded Northshore Eye Associates and Northshore ASC. Purpose-built in 2010 with specialized medical infrastructure—including two operating rooms, an on-site optical lab, and a six-bed recovery suite—this asset is designed for clinical efficiency and patient comfort. With a secure 7-year lease commenced July 1, 2023 (five years remaining) and built-in 2.5% annual rent escalators, investors will benefit from a predictable, inflation-protected income stream. The tenant’s mission-critical use and triple-net lease structure shift all operating expenses to the tenant, delivering true hands-off ownership and institutional-quality cash flow. Strategically located on the high-growth I-12 corridor between Baton Rouge and New Orleans—just one mile from the 330-bed North Oaks Medical Center—this campus captures a robust referral network and a regional population exceeding 250,000. Hammond’s MSA continues to expand, fueled by healthcare, education, and logistics sectors, and faces limited supply of specialized outpatient surgical space. This turnkey property offers discerning investors a rare combination of market resilience, demographic momentum, and best-in-class tenancy—positioning it as a cornerstone holding for any healthcare-focused portfolio.

Contact:

Zeustra Real Estate Investment Services

Property Subtype:

Medical

Date on Market:

2025-05-21

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Long Term NNN Corp. Lease- Prominent Site - Express Oil

Covington, LA 70433

• NNN Property
• Retail for Sale
• $3,249,152 CAD
• 4,732 SF

Covington Retail for Sale - Mandeville/Covington

We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located along the one of the main North/South corridors through Covington, LA just off Interstate 12 and is positioned near major retailers such as Winn-Dixie, CVS, Walgreens, Target, Ross Dress for Less, Kohl’s Mercedes-Benz of Covington and more. This is an excellent opportunity to own a new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.

Contact:

Colliers

Property Subtype:

Freestanding

Date on Market:

2021-12-14

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Express Oil Change - 2613 W Thomas St

Hammond, LA 70401

• NNN Property
• Retail for Sale
• $3,082,172 CAD
• 4,732 SF

Hammond Retail for Sale

We are pleased to offer to qualified investors, an opportunity to acquire a corporate guaranteed absolute NNN single tenant net lease investment, occupied by Express Oil Change (guaranteed by Mavis Tire) on a 15 year base term with 5, 5 year options. The subject property is located on Thomas St. (US Hwy 190) in Hammond, LA next to major retailers such as Walmart Supercenter, Hobby Lobby, Winn-Dixie, Ross Dress for Less, Lowe’s, Albertson’s and more. Additionally, the subject property sees over 23,500 VPD and is well positioned to benefit easy access from both right and left turns into the property. This is an excellent opportunity to own a brand new construction, passive income generating investment on a long term 15-year lease that is corporate guaranteed with zero landlord responsibilities.

Contact:

Colliers

Date on Market:

2021-11-02

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