2271 Tower Dr - Bank FOR SALE
Monroe, LA 71201 |
2271 Tower Dr
Monroe, LA 71201
HIGHLIGHTS
- 2023 Build-to-Suit b1BANK Relocation Site That Features State of the Art Design and Class A Construction Along With Three Drive-Thru Lanes
- Corporately Guaranteed Lease By Business First Bancshares (NASDAQ: BFST) - $250 Million in Revenue in 2024 and a Market Cap of Over $824 Million
- Long-Term Net Lease With Over 8 Years Remaining Featuring 1.2% Rent Increases Annually, Providing a Strong Hedge Against Inflation
- Six Banks Are Positioned Within 1/2 Mile of the Subject Property, Demonstrating the Strategic Nature of the Site For b1BANK
- Surrounding New Construction Homes Highlight the Strength of the Immediate Submarket
- This Property is Shadow Anchored By a Top Performing Walmart; According to Placer.AI, This Walmart is in the 77th Percentile in Louisiana
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
b1BANK - Monroe, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Bank, Freestanding, Storefront
TOTAL BUILDING SIZE
3500
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
17
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
113484
