2271 Tower DrMonroe, LA 71201

Property Details for 2271 Tower Dr

Year built

2023

Lot size

0.68 AC

Property size (Sq ft)

3,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2023-built, 3,500 square foot b1BANK located at 2271 Tower Drive, Monroe, LA, 71201. The property sits on a 0.68-acre lot and boasts a state-of-the-art design and Class A construction, including three drive-thru lanes. The asking price is $2,900,000, representing a price per square foot of $828.57 and a 6.15% cap rate. The property features a 10-year net lease (NN+) with a corporate guarantee from Business First Bancshares (NASDAQ: BFST), providing significant financial stability. The lease commenced June 27, 2023, and expires June 30, 2033, leaving 8.4 years remaining. Annual rent bumps of 1.2% are included, offering inflation protection. Two five-year lease options further enhance the long-term value. The property enjoys 100% occupancy and a current Net Operating Income (NOI) of $178,201. Its strategic location in a strong retail corridor, shadow-anchored by a high-performing Walmart and surrounded by other national retailers and new residential construction, ensures consistent demand and future growth potential. This is an ideal low-management investment opportunity with a strong, growing NOI and a financially secure corporate tenant.

Location Insight

City

Monroe

County

Ouachita

State

Louisiana

Latitude

32.526

Longitude

-92.1018

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