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38012 Highway 3089 - Golden Eagle Sunshine Plaza - Whitney Bank, Donaldsonville, LA

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38012 Highway 3089 - Golden Eagle Sunshine Plaza - Whitney Bank

Donaldsonville, LA 70346-8596 - Ascension Parish Submarket


Property Type:Retail Sub Type:Bank Status:Existing Year Built:2006
Building Size:3,600 SF Land Area:1.53 AC (66,838 SF)
For Sale Price:$2,425,000 Price/SF:$673.61
Cap Rate:5.75 %
Parking:Free Surface spaces are available; Ratio of 5/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign, Drive Thru


The subject property is located at 38012 Louisiana Highway 3089 in Donaldsonville, Louisiana (Ascension County Population: 111,168) and is 100% leased to Whitney Bank on a 20 Year NNN Lease with two, 10 Year options to renew.

The subject property includes a freestanding single tenant, retail bank branch totaling 3,600 square feet with three drive thru teller lanes and a drive thru ATM.

Additionally, the property is situated as an outparcel to a Walmart

Sale Notes:
This property is a single tenant absolute net Whitney Bank branch, built in 2007, with no landlord responsibilities. The base rent is $139,373.88 per annum and the primary term expires on February 1, 2027. The tenant has 2-10 year renewal options. The base rent is set to increase on February 2, 2017 by the lesser of the percentage change in the CPI or 5% and on February 2, 2022 by the lesser of the percentage change in the CPI or 10%. A property brochure can be downloaded under attachments.

This retail bank branch is located in Donaldsonville, LA which is located in the Baton Rouge MSA adjacent to Wendy's, Walgreens, and Wal-Mart.

Talbot Realty Group
Bobby E Talbot
(504) 525-9763




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