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Broker

Jeff Conover

Faris Lee Investments
Managing Principal
  • 10Active Listing
  • 0Under Contract
  • 18Sold Transactions

Jeff Conover was appointed Managing Principal at Faris Lee Investments in 2021 and has 34 years of transactional brokerage experience within the commercial real estate industry across the U.S. As Managing Principal of Faris Lee Investments, a national leading retail advisory and investment sales firm, Mr. Conover is a top producer year-over-year with proven performance specializing in the disposition of single tenant NNN leased investments, multi-tenant shopping centers, national portfolios & sale-leasebacks. Mr. Conover’s experience and track record at Faris Lee Investments is most evident in his ability to successfully close deals above client expectations. Throughout his career, he has closed over 1500 commercial real estate transactions valuing over $10 Billion. His innovative pricing and marketing strategies have proved to be powerful, resulting in the lowest cap rate to the highest cost psf across the US. Mr. Conover’s client types include merchant developers, private and institutional ownership, 1031 exchange investors, family office, public & private REITs & high net worth individuals. Prior to joining Faris Lee Investments in 1998, Mr. Conover was a top producing broker with the Grubb & Ellis Company, Newport Beach office and was appointed Vice President. Mr. Conover specialized in tenant representation and property representation services for Retail Commercial Shopping Centers, and provided site acquisition and disposition on behalf of developers and tenants.

Licensed in: CA
18301 Von Karman Avenue Suite 800 Irvine, CA 92612

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7055 North Blythe Avenue, Fresno, CA , 93722
  • Size SF9,990
  • Built/Renov2024
  • Price/SF$567
  • Lease Start06-01-2024
  • Rent/SF$40.55
  • Lease Type NN+
  • Lot/AC1.07
  • Pop 5MI178,611

5,661,000

  • Cap Rate 7.16%
  • NOI $405,095
  • R. Term/Yrs 20.0
  • Guarantor Corporate
  • # Units 400
  • New construction

  • Build to suit

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 20+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • ...
  • Tenant The Learning Experience
  • Guarantor Corporate
  • #Units 400
  • Stock Private
601 Loyola Avenue, New Orleans, LA , 70113
  • Size SF23,700
  • Built/Renov2011
  • Price/SF$359
  • Lease Start11-01-2011
  • Rent/SF$19.39
  • Lease Type Abs NNN
  • Lot/AC0.72
  • Pop 5MI361,739

8,500,000

  • Cap Rate 5.41%
  • NOI $459,658
  • R. Term/Yrs 37.5
  • Guarantor Corp R + T
  • # Units 1,335
  • Build to suit

  • In location for years

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Long 20+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • ...
  • Tenant Hyatt Regency
  • Guarantor Corp T and Rated
  • #Units 1,335
  • Moody's/S&P Baa3/ BBB-
  • Stock NYSE: H
3535 Panama Lane, Bakersfield, CA , 93313
  • Size SF23,313
  • Built/Renov2023
  • Price/SF$629
  • Lease Start03-01-2024
  • Rent/SF$33.00
  • Lease Type Abs NNN
  • Lot/AC2.09
  • Pop 5MI272,105

14,655,000

  • Cap Rate 5.25%
  • NOI $769,329
  • R. Term/Yrs 14.9
  • Guarantor Corp Traded
  • # Units 407
  • New construction

  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Sprouts Farmers Market
  • Guarantor Corp Traded
  • #Units 407
  • Stock NASDAQ: SFM
1050 East Whitmore Avenue, Ceres, CA , 95307
  • Size SF950
  • Built/Renov2024
  • Price/SF$1,423
  • Lease Start10-01-2024
  • Rent/SF$74.74
  • Lease Type Abs NNN
  • Lot/AC0.69
  • Pop 5MI171,815

1,352,000

  • Cap Rate 5.25%
  • NOI $71,000
  • R. Term/Yrs 15.4
  • Guarantor Corp Traded
  • # Units 831
  • New construction

  • Near major nationals

  • Strategically located

  • Highway close

  • Dense 100M+ pop 5 mi

  • Major MSA

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Dutch Bros. Coffee
  • Guarantor Corp Traded
  • #Units 831
  • Stock NYSE: BROS
398 West 16th Street, Merced, CA , 95340
  • Size SF9,180
  • Built/Renov2013
  • Price/SF$376
  • Lease Start03-21-2013
  • Rent/SF$23.22
  • Lease Type NN+
  • Lot/AC0.93
  • Pop 5MI110,078

3,452,000

  • Cap Rate 6.18%
  • NOI $213,162
  • R. Term/Yrs 4.1
  • Guarantor Corp R + T
  • # Units 8,359
  • In location for years

  • Near major nationals

  • Strategically located

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Favorable NN+ lease

  • Top performing store

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Family Dollar
  • Guarantor Corp T and Rated
  • #Units 8,359
  • Moody's/S&P Baa2/ BBB
  • Stock NASDAQ: DLTR
2719 Charity Street, Abbeville, LA , 70510
  • Size SF3,147
  • Built/Renov2016
  • Price/SF$737
  • Lease Start12-21-2021
  • Rent/SF$40.67
  • Lease Type Abs NNN
  • Lot/AC0.82
  • Pop 5MI57,053

2,319,000

  • Cap Rate 5.52%
  • NOI $128,000
  • R. Term/Yrs 15.7
  • Guarantor Franchisee
  • # Units 30
  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Highway location

  • Hospital close

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Personal guarantee

  • Investment grade tenant

  • ...
  • Tenant Dairy Queen
  • Guarantor Franchisee
  • #Units 30
  • Moody's/S&P Aa2/ AA+
  • Stock NYSE: BRK.A
150 South 11th Avenue, Hanford, CA , 93230
  • Size SF27,799
  • Built/Renov1978/2015
  • Price/SF$150
  • Lease Start06-20-2016
  • Rent/SF$9.00
  • Lease Type NN+
  • Lot/AC2.70
  • Pop 5MI67,764

4,170,000

  • Cap Rate 6.00%
  • NOI $250,191
  • R. Term/Yrs 1.8
  • Guarantor Corp Traded
  • # Units 1,392
  • Roof guarantee

  • In location for years

  • Dense retail corridor

  • Freeway close

  • Strong tenant synergy

  • Major MSA

  • Long operation history

  • Favorable NN+ lease

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant Big Lots Stores, Inc.
  • Guarantor Corp Traded
  • #Units 1,392
  • Stock NYSE: BIG
West Hefner Road & North Council Road, Oklahoma City, OK , 73162
  • Size SF10,000
  • Built/Renov2024
  • Price/SF$536
  • Lease Start02-01-2024
  • Rent/SF$37.50
  • Lease Type NN+
  • Lot/AC1.21
  • Pop 5MI133,192

5,357,000

  • Cap Rate 7.00%
  • NOI $375,000
  • R. Term/Yrs 14.8
  • Guarantor Corporate
  • # Units 340
  • New construction

  • New roof

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • ...
  • Tenant The Learning Experience
  • Guarantor Corporate
  • #Units 340
  • Stock Private
2100 Louisiana Blvd NE, Albuquerque, NM , 87110
  • Size SF8,000
  • Built/Renov2024
  • Price/SF$1,326
  • Lease Start01-01-2024
  • Rent/SF$66.30
  • Lease Type Abs NNN
  • Lot/AC0.72
  • Pop 5MI288,953

10,608,000

  • Cap Rate 5.00%
  • NOI $530,400
  • R. Term/Yrs 9.7
  • Guarantor Corp Rated
  • # Units 200
  • New construction

  • Roof guarantee

  • High traffic 50M+ VPD

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Top 100 MSA

  • Long 10+ yr lease

  • Annual rent increases

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Tenant Fidelity Investments
  • Guarantor Corp Rated
  • #Units 200
  • Moody's/S&P A1/ A+
  • Stock Private
40022 10th Street West, Palmdale, CA , 93551
  • Size SF54,942
  • Built/Renov2017
  • Price/SF$250
  • Lease Start08-28-2017
  • Rent/SF$12.50
  • Lease Type NN+
  • Lot/AC4.09
  • Pop 5MI141,383

13,736,000

  • Cap Rate 5.00%
  • NOI $686,775
  • R. Term/Yrs 8.3
  • Guarantor Corporate
  • # Units 994
  • Signalized intersection

  • Big Box center

  • Strategically located

  • Freeway visibility

  • Freeway close

  • Strong tenant synergy

  • Top 100 MSA

  • Strong demographics

  • Below Market Rent

  • Corporate Guarantee

  • ...
  • Tenant Hobby Lobby
  • Guarantor Corporate
  • #Units 994
  • Stock Private

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