2271 Tower Dr Monroe, LA 71201

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.