Faris Lee Negotiates $1.9M Sale of NNN-Leased Restaurant Property in Vallejo
VALLEJO, CALIF. — Faris Lee Investments has arranged the sale of a freestanding, single-tenant restaurant property located at 1195 Admiral Callaghan Lane in Vallejo.
Kam Property Holding LLC acquired the 2,240-square-foot property from River Rock LLC for $1.9 million, or $848 per square foot. The property is triple-net leased to Chipotle Mexican Grill, with less than 10 years remaining on its lease.
Christopher DePierro and Jeff Conover of Faris Lee Investments represented the seller.