METAIRIE, LA — Faris Lee Investments, a leading retail advisory and investment sales firm, in partnership with SRSA Real Estate, Louisiana’s leading leasing & tenant rep firm has successfully completed the sale of a single tenant net leased AutoZone on 4630 Veterans Memorial Boulevard in Metairie, Louisiana. The transaction was led by Faris Lee Investments' Senior Managing Director Scott DeYoung, Managing Principal Jeff Conover, Director Greg Lukosky, SRSA Commercial Real Estate's Partner / Director of Retail Kirsten Early who collectively represented both the Seller, a private office based in New Orleans, and the Buyer, a publicly traded REIT in the transaction. The transaction closed at $4.55M.

The advisory team utilized Faris Lee's national investor relationships & proprietary buyer database and SRSA Commercial Real Estate's deep market experience within the state of Louisiana to secure a successful outcome. By positioning the property's strengths to a targeted pool of investors, the team successfully navigated a competitive pricing environment to meet ownership's objectives.

By combining local market knowledge with our national investor reach, we were able to deliver transaction certainty and strong results for our client. The Faris Lee / SRSA Team has closed north of $100M in investment sales over the past several years. "Our team's extensive track record in the Louisiana market allowed us to identify the right buyer profile for the asset," said Scott DeYoung.

About Faris Lee Investments: Faris Lee Investments is one of the nation’s leading retail investment advisory firms, and among the first to operate under a unified, team-oriented platform. The company combines advanced underwriting, market research, and creative marketing strategies designed to maximize client value. Faris Lee provides advisory services across dispositions, acquisitions, recapitalizations, distressed asset resolutions, portfolio sales, and corporate sale-leaseback transactions.

For more information, visit www.farislee.com