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 - 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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148 Hector Ave

Gretna, LA 70056

• NNN Property
• Office for Sale
• $3,312,748 CAD
• 6,455 SF

Gretna Office for Sale - Westbank

Single-tenant net leased DaVita Dialysis Facility located in Gretna, LA, a local suburb of New Orleans. The property is leased on an absolute net basis to Renal Treatment Centers Southeast, LP, one of DaVita’s largest subsidiaries. With the absolute net lease structure, the tenant is directly responsible for the payment of taxes, insurance, utilities, and maintenance of the all portions of the premises. The facility was constructed on a build-to-suit basis for DaVita in 2005, with an expansion and renovation in 2014.

Contact:

Boutique National LLC

Property Subtype:

Medical

Date on Market:

2025-07-14

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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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401 St. Joseph St - 401 Saint Joseph St

New Orleans, LA 70130

• NNN Property
• Office for Sale
• $6,950,542 CAD
• 21,142 SF

• Air Conditioning
• Natural Light
• Security System
• 24 Hour Access
• Smoke Detector

New Orleans Office for Sale - Warehouse/Arts District

Impressive triple-net historic corner office asset for sale in the Warehouse District. This c. 1905 site was once the location for the Gulf Shot Tower Company and later became several meatpacking and cold storage facilities prior to turning into top notch commercial headquarters. Redeveloped in 2017, high quality tenants occupy this Class A low-rise building with both old world charm and functional, innovative, open work space. The top floor is leased to Barefield Workspace Solutions, Inc., a premiere office furniture and supply headquarters and Steelcase distributor. The second floor is leased to WBEC South, the regional non-profit for WBENC that certifies women-owned businesses and its WB Collective, a pro-women owned co-working office suite. This is an excellent corner location opposite of the Woodward Wright Apartments, St. Joseph Lofts, and the Marriott Sonesta ES Suites and is a short walk to the Convention Center, Gallery Row, Lafayette Square Park and many other attractions. Contract parking options available at the adjacent lot fronting on St. Joseph and the Magazine & St. Joseph large lot. The building is serviced by three phase power, is fully sprinkled and has a single-ply 50 mil Durolast Inc system with a 15 yr manufacturer warranty from 2007. Approximately 15' ceiling heights for both 2nd & 3rd floor; 7'6" ceiling height for 1st floor. The interior is 2007 new steel and concrete framing. *Upon receipt of a signed Non-Disclosure Agreement, sufficient financials, survey, floor plans, etc will be provided. Tenants are not to be disturbed.

Contact:

The McEnery Company

Date on Market:

2025-05-08

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Dairy Queen - 1636 Barataria Blvd

Marrero, LA 70072

• NNN Property
• Retail for Sale
• $2,911,018 CAD
• 2,146 SF

• Restaurant

Marrero Retail for Sale - Outer Jefferson Parish

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase an absolute NNN leased Dairy Queen QSR drive-thru investment in Marrero, LA. The tenant is MMPR Group, a 33-unit operator with locations in CA, AZ, NV, ID, LA, and IN. Dairy Queen Corporation is a subsidiary of Warren Buffett’s Berkshire Hathaway, Inc. (NYSE: BRK.A), and has an investment-grade credit rating from S&P of “AA” (Moody’s: Aa2). With approximately 14.7 lease years remaining in the primary term, four 5-year option periods, rental increases every 5 years, and zero landlord responsibilities, this asset is ideal for an investor seeking years of passive cash flows. The 2,146-SF building with drive-thru on a 0.53-acre parcel is located along Barataria Blvd, which sees over 40,800 VPD and is strategically positioned within a strong retail corridor across from Lowe’s Home Improvement, Home Depot, Walmart Supercenter, ALDI, McDonald’s, Chick-fil-A, Raising Cane’s, Starbucks, and more. This is a great opportunity to acquire an absolute NNN leased QSR asset in New Orleans with a long-term lease, 20 years in option periods, rent increases every 5 years, and no landlord responsibilities, providing worry-free income for years to come.

Contact:

Colliers

Property Subtype:

Fast Food

Date on Market:

2025-04-01

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