2271 Tower Dr - Office FOR SALE


Monroe, LA 71201
$2,900,000 USD
847-922-7785
2271 Tower Dr, Monroe, LA for Sale
$2,900,000 USD
Office - FOR SALE
1/5
null | 6.15% Cap Rate

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

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the Brand New Construction, Build-to-Suit b1BANK Located at 2271 Tower Drive in Monroe, LA. The 10-Year Corporate Guaranteed Lease Features Two (2), Five (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, Which is a Top Performing Walmart 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

$2,900,000 USD

PRICE/SF

$829 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

b1BANK - Monroe, LA

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,215 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 Policy.