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Thursday, May 13, 2010

Sale of Retail Single-Tenant Triple Net Ground Lease for $1.3 Million

Bessemer, AL - An Investment brokerage firm has recently completed the sale of a single tenant ground lease in Bessemer, AL for $1.3 million. The Ground Lease Property is a 2.02 acre parcel and is leased to Logan’s Roadhouse on a long term ground lease. The out parcel is located within Colonial Promenade Tannehill Shopping Center that is anchored by Target, Publix and JC Penney.

The address of this Commercial Real Estate Investment property is 5000 Band Boulevard in Bessemer, AL.

This was one of the few nationwide long term ground leases that provided a high yield, prime retail location, and with corporate credit. The supply of quality ground leases continues to diminish as demand for this product has picked up significantly. Also in high demand are Triple Net Lease Properties.

Net Lease Funding & Search For Commercial Real Estate

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.

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