Irvine – July 19, 2022 - Faris Lee Investments arranged the sale leaseback of a single tenant freestanding Little Caesars with drive-thru in Bogalusa, LA
Located at 414 Superior Ave., adjacent to national brand tenants like Walmart Supercenter, Dollar General, CVS, and Walgreens, the offering presented an opportunity to acquire a single-tenant triple net leaseback drive-thru with 10% rental increases every 5 years, providing an investor increased cash flow and a future hedge against inflation.
During the marketing period, Faris Lee Investments focused on the below market rent, highlighted the ease of management, and emphasized on the higher yield investment in comparison to other credit QSR.
After generating multiple offers, the team secured an all-cash buyer. The transaction closed within 24 days of signing the PSA.
About Faris Lee Investments:
Faris Lee Investments is a retail brokerage advisory firm founded in 1996 and is based in Irvine, California. The firm specializes in commercial real estate investment sales, brokerage, and advisory services. In addition, the firm provides a national marketing platform of properties for sale, asset appraisal, property valuation, debt structuring, negotiation, market research, and analysis services. Faris Lee combines underwriting and research that exceeds industry standards with a marketing strategy to transform investment potential, enhance value and provide their clients the competitive advantage needed when making investment decisions. The firm also serves as institutional advisors in the areas of acquisitions and dispositions, merchant banking, distressed asset disposition, private equity, and corporate sale-leaseback. For more information, visit www.farislee.com