Faris Lee Investments Facilitates $6.3 Million Presale of Floor & Décor In Sharpsburg, GA

Irvine, CA – September 21, 2023 - Faris Lee Investments, a leading retail advisory and investment sales firm, is pleased to announce the successful completion of a $6.3 million presale of a Floor & Décor in Sharpsburg, GA. The buyer, from San Diego, CA, was in a large 1031 exchange and willing to close on the property prior to rent commencement to accommodate the timing of their exchange.

Hunter Steffien, Director at Faris Lee Investments represented the seller in the transaction.

Floor & Decor (NYSE: FND) is a robust, publicly-traded tenant with a remarkable track record of growth and performance in the market. In addition to the strength of the tenant, the presale involved a brand new 15-year NNN (Triple Net Lease) ground lease, offering long-term security and stability for the investor. This absolute net lease includes zero landlord responsibilities and rare 7% rental increases every five years, with six (5) year options to extend.

The property is situated in a newly developed shopping center anchored by Publix, Floor & Decor, and Piedmont Healthcare. Additional tenants in the center include Culver's, Black Rifle Coffee, Gusto, La Parrilla Mexican Restaurant, Jersey Mike’s, and Miller’s Ale House. The property sits on a large 16.93-acre parcel, providing ample parking and convenient ingress/egress to the store.

The location serves as a significant commercial hub in the region. The Tri-County shopping center, adjacent to the property, houses prominent retailers such as Costco Wholesale, Sam’s Club, Home Depot, Walmart Supercenter, Best Buy, ALDI, and more.

Faris Lee Investments played a pivotal role in this successful presale transaction, highlighting the strong market demand for quality investment opportunities. This transaction showcases the trust and confidence placed in Faris Lee Investments' expertise in the commercial real estate market.

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


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