Faris Lee Investments Completes $4.88 Million Pre-Sale of Single-Tenant/NNN CVS/pharmacy at Record-Breaking Cap Rate in San Francisco Bay Area

At 4.3 percent, cap rate is the lowest ever for a CVS-occupied single-tenant property in the US  IRVINE, Calif., September 3, 2015 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $4.88 million “pre-opening” sale of a new construction, 16,500-square-foot, free-standing CVS/pharmacy property in Vallejo, Calif. The transaction’s cap rate of 4.3 percent is the lowest ever recorded for a […]