LOS ANGELES, Calif. – Faris Lee Investments, a leading retail advisory and investment sales firm, is pleased to announce the successful closing of a single-tenant NNN leased Carl’s Jr. located at a premier signalized intersection in Bellflower, Ca. / Los Angeles County. Demonstrating the firm's ability to maximize asset value, the team secured a 4.79% cap rate (the lowest cap rate sale for a Carl's Jr in the past year in California) — a notable achievement for a property with three years of remaining lease term—closing at 99% of the list price. Carl’s Jr. has occupied this proven location for 26 years.
The transaction was led by Faris Lee Investments’ expert advisory team, including Shaun Riley, Managing Principal; Jeff Conover, Managing Principal; Scott DeYoung, Senior Managing Director; and Greg Lukosky, Director who represented the Seller, an Orange County, CA based private office. The Buyer, a foreign investor from Cambodia was represented by ReMax Real Estate.
Occupying a high-visibility "hard corner" position, the Carl’s Jr. property serves as a focal point for a busy retail center anchored by Fresenius Medical Care. As part of a sophisticated value-creation strategy, the Faris Lee team expertly managed the parcel split from the larger shopping center. This involved the strategic creation and recording of new CC&Rs and a Reciprocal Easement Agreement (REA), ensuring long-term operational harmony and protecting the future value of the site.
“Our marketing focused on the exceptional strength of the real estate and the long-term upside for the investor,” said Shaun Riley. “By highlighting the below-market rent through a detailed comparable analysis, we were able to demonstrate significant intrinsic value. This resonated strongly with the investment community, proving that prime Los Angeles real estate remains a top priority for capital looking for security and growth.”
The marketing campaign leveraged Faris Lee’s proprietary database which includes live 1031 Exchange Buyers and active foreign investors. This wide-reaching approach generated immense interest, resulting in nine competitive offers from a variety of capital sources.
Ultimately, the team identified and procured the all-cash foreign investor which facilitated a seamless and efficient closing process.
About Faris Lee Investments
Faris Lee is a leading national retail investment brokerage firm with 30 years of experience in maximizing value for retail property owners. Guided by core principles of integrity, high level of real estate knowledge, and accountability, the firm is dedicated to delivering exceptional results while maintaining a strong commitment to ethical practices, collaboration, and in-depth real estate knowledge.
Faris Lee’s process begins with a deep understanding of each property, followed by the application of market analytics using real-time financial, real estate, and retail data to inform strategic decisions.
By combining cutting-edge research, precise marketing strategies, and a collaborative team approach, Faris Lee maximizes sale proceeds, ensuring clients achieve exceptional results well above the competition. Their team of seasoned professionals brings extensive real estate expertise and a client-focused mindset, ensuring long-term success through creative solutions and unwavering focus for the client.