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2271 Tower Dr Monroe, LA 71201

For Sale
$2,742,000

New construction b1BANK relocation site with drive-thru lanes.

Property size:
3,498 SF
Lot size:
1.28 Acres

Property Features for 2271 Tower Dr

General Information

Size
3,498 SF
Lot size
1.28 Acres

Source: Sands Investment Group (SIG) | Chicago Agent Maurycy Filecki

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New b1BANK Relocation Site

This property is a b1BANK NN+ asset located in Monroe, Louisiana. The corporate guaranteed lease extends for 10 years and includes two 5-year options, with 1.2% rental increases annually throughout the initial term and option periods. This site represents a strategic relocation for b1BANK, benefiting from a Walmart shadow anchor, which is a top-performing Walmart in Louisiana. The property is a 2023 build-to-suit b1BANK relocation site featuring a state-of-the-art design and Class A construction, along with three drive-thru lanes. The lease is corporately guaranteed by Business First Bancshares (NASDAQ: BFST), with $250 million in revenue in 2024 and a market cap of over $824 million. The net lease has over 8 years remaining, featuring 1.2% rent increases annually. 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, ranking in the 77th percentile in Louisiana and the 60th percentile nationwide, according to Placer.AI. Nearby national retailers include Walmart Supercenter, Raising Cane’s, Starbucks, AutoZone, O’Reilly Auto Parts, McDonald’s, Planet Fitness, Whataburger, and Harbor Freight, among others. The property size is 3498 square feet.
Insight Report Location Intelligence

Current Use by Public Records

b1BANK Bank

Suggested Use

Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Monroe
County
Ouachita
State
Louisiana
Longitude
-92.100941
Latitude
32.526759

FAQs

What type of property is this?
Bank - New construction b1BANK relocation site with drive-thru lanes.
Where is this bank located?
The property is located at 2271 Tower Dr Monroe, LA.
What is the asking price?
The asking price for this property is $2,742,000.
What are key features of this property?
This property features: - Corporate guaranteed lease by Business First Bancshares (NASDAQ: BFST) with strong financials.; - Long-term net lease with over 8 years remaining and 1.2% annual rent increases.; - Strategic relocation site shadow-anchored by a top-performing Walmart.
More about this property
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