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2271 Tower Dr
Monroe, LA 71201

$2,680,000 USD

Bank For Sale  •  3,500 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,500 SF
  • Lot Size 0.68 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 6.65 %
  • Tenancy Single
0 Transit Score
55 Walk Score

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.
Cap Rate: 6.65 %

Major Tenants

Tenant SF Occupied Lease End Date
b1BANK 3,500 SF 6/30/2033

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Monroe Regional 10 min - 5.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes
Maurycy Filecki 847-922-7785 Sands Investment Group
Maurycy Filecki 847-922-7785 Sands Investment Group