Bessemer, Alabama – Today we have information on a Ground Lease. 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, Net Lease Publix and JC Penney.
The address of this Commercial Real Estate Investmentproperty is 5000 Band Boulevard in Bessemer, Alabama. There are some potentially viable Triple Net Lease Property deals available in the south-east United States.
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.
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