SNL Sells Texas CAVA in 1031 Exchange
Edward Benton Sourced All-Cash Buyer in Challenging Market
Secure Net Lease, a nationally recognized brokerage firm specializing in the acquisition and disposition of investment real estate, has completed the sale of a freestanding CAVA restaurant in Waco, Texas. The asset was acquired by an all-cash 1031 exchange buyer from California, marking a successful outcome in a challenging market.
The agent on this deal, Edward Benton, said “We were able to source an all-cash buyer who paid an aggressive cap rate in a very challenging market. When the right buyer came along who understood the asset, we were able to get this deal across the finish line.”
Located at 812 South 6th Street, the ±2,847-square-foot building occupies a prime position within a thriving retail corridor. The property is surrounded by national brands and benefits from strong daily traffic counts and favorable market demographics, supporting both long-term value and tenant performance.
The transaction underscores Secure Net Lease’s ability to navigate complex deal structures and match targeted buyers with assets that meet their criteria. Leveraging persistence and market expertise, the team delivered a closing that achieved the seller’s goals in a competitive environment.
CAVA, headquartered in Washington, D.C., is a rapidly expanding Mediterranean fast-casual brand known for its fresh, flavorful menu and strong customer loyalty. With hundreds of locations nationwide, CAVA continues to grow its presence in key U.S. markets.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
