IRVINE, CALIF. (June 15, 2021) – Faris Lee Investments, a leading retail advisory, and investment sales firm has arranged multiple single tenant net leased sales totaling $76.2 Million across multiple States (CA, UT, GA, WA, LA & KS) during Q-1 2021.
The national single tenant net lease team comprised of Jeff Conover, Scott DeYoung, Hunter Steffien & Tyler Strauss, represented multiple owners & buyers which secured record low cap rates across the US.
The STNL closings were comprised of multiple categories including Home Improvement: Floor & Décor in Fresno, CA; a Harbor Freight Tools in Sandy, UT; Sporting Goods: Dick’s in Topeka, KS; Medical: DaVita in Pomona, CA; Drug Store: CVS Pharmacy in Bakersfield, CA; QSR/Fast Food: Chick-fil-A in Conyers, GA, a Jack in the Box in Signal Hill, CA, and a Taco Bell in Folsom, CA; Banks: Chase Bank in Baton Rouge, LA, a Citibank in San Juan Capistrano, CA, and a Navy Credit Federal Union in Fayetteville, GA; Sit-Down Restaurant: Applebee’s in Signal Hill, CA; and finally Soft Goods: Big Lots in Bellingham, WA, and an ULTA Beauty in Lake Elsinore, CA.
The STNL demand for the Faris Lee team has continued momentum into the 2nd quarter with deals pending in escrow: Albertsons, Mc Donald’s, Hobby Lobby, Chick-fil-A, & CVS Y Mas (partial list).
“STNL Product is favored in shifting markets. Credit tenant & long term lease is desired as it provides investors long term security & stability. In addition, STNL Investments offer a passive income stream coupled with an ease of management,” said Conover.
“The beauty of STNL is that in the long run they hedge against inflation as many net-leased investments have embedded rental increases. Furthermore, the depreciation for the improved property component can be written off for taxes, while the overall value increases over time,” said DeYoung

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About Faris Lee Investments
Faris Lee Investments is a national leading retail advisory and investment sales firm. The company’s high-level retail investment advisors and sophisticated financing experts develop forward-thinking strategies for all retail acquisitions and dispositions and guide clients through complex transactions. Through its recent strategic partnership with X-Team Retail Advisors, a nationwide affiliation of seasoned retail leasing experts, Faris Lee offers a fully integrated platform with disciplined expertise in landlord leasing, tenant representation, capital markets, and investment sales to maximize value for clients. For more information, visit www.farislee.com.