2271 Tower Dr - Bank FOR SALE


Monroe, LA 71201
$2,680,000 USD
847-922-7785
2271 Tower Dr, Monroe, LA for Sale
$2,680,000 USD
Bank - FOR SALE
1/5
null | 6.65% Cap Rate

2271 Tower Dr
Monroe, LA 71201


HIGHLIGHTS

  • 2023 build-to-suit b1BANK relocation site that features state-ofthe- art design and Class A construction, along with three drivethru 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 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.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the brand new construction, build-to-suit b1BANK located at 2271 Tower Dr in Monroe, LA. The initial 10-year corporate guaranteed lease features two 5-year options to extend, and 1.2% rental increases annually throughout the initial term and both option periods. This site is a strategic relocation for b1BANK, which benefits from a Walmart shadow anchor, one of the top-performing Walmarts in Louisiana. This offering presents the opportunity to acquire a 2023 construction, corporate tenant with a growing NOI, making it an ideal, low-management opportunity for an investor. In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT

FOR SALE DETAILS

PRICE

$2,680,000 USD

PRICE/SF

$766 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

b1BANK - Monroe, LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

113484

ASK ABOUT THIS PROPERTY

Maurycy FileckiSands Investment GroupMore Info
847-922-7785

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Maurycy FileckiSands Investment GroupMore Info
847-922-7785

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.