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 7+ years remaining, featuring 1.2% rent increases annually, providing a strong hedge against inflation.
- 6 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
-
BUILDING DETAILS
PROPERTY NAME
b1BANK - Monroe, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
3500
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
113484
