2271 Tower Dr | Monroe, LA 71201
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2271 Tower Dr
Monroe, LA 71201
b1BANK - Monroe, LA · Retail Property For Sale
Investment 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
- Long-Term Net Lease With Over 8 Years Remaining Featuring 1.2% Rent Increases Annually, Providing a Strong Hedge Against Inflation
- Surrounding New Construction Homes Highlight the Strength of the Immediate Submarket
- Corporately Guaranteed Lease By Business First Bancshares (NASDAQ: BFST) - $250 Million in Revenue in 2024 and a Market Cap of Over $824 Million
- Six Banks Are Positioned Within 1/2 Mile of the Subject Property, Demonstrating the Strategic Nature of the Site For b1BANK
- This Property is Shadow Anchored By a Top Performing Walmart; According to Placer.AI, This Walmart is in the 77th Percentile in Louisiana
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.68 AC
Parking
17 Spaces (4.86 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 113484 | Improvements Assessment | $149,799 |
| Land Assessment | $27,420 | Total Assessment | $177,219 |
Property Taxes
Parcel Number
113484
Land Assessment
$27,420
Improvements Assessment
$149,799
Total Assessment
$177,219
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