New b1BANK Relocation
2271 Tower Dr Monroe, LA
2271 Tower Dr, Monroe, LA, 00000
Contact for pricing
For Sale
Contact for pricing
New construction b1BANK relocation site with drive-thru lanes.
Property Size3,498 SF
Lot Size1.28 Acres
Price / SF$783.88
Days on Market469
Property Features for 2271 Tower Dr
General Information
- Standard status
- Active
- Size
- 3,498 SF
- Lot size
- 1.28 Acres
- Property subtype
- OFFICE
Listing Agency
Sands Investment Group (SIG) | Chicago
(773) 395-1154
Listed by
Maurycy Filecki
Source
Moodyscre
Added: Apr 9, 2025 Updated: Jul 6 at 10:31 am Checked: Jul 20 at 3:55 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Chicago
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.1k | $40.92 |
| − Vacancy | −$6.0k | −$1.72 |
| EGI | $137.1k | $39.20 |
| − OpEx | −$41.1k | −$11.76 |
| NOI | $96.0k | $27.44 |
3,498 SF · lease $40.92/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,988 @ 7.0% cap · market cap 3.50%
Second Best
Specialty Retail
$638.2K
$558.4K – $744.6K
NOI $44,673 @ 7.0% cap · market cap 1.63%
Theoretical Best
Multifamily LT 5
$37.68M
$32.97M – $43.96M
NOI $2,637,471 @ 7.0% cap · market cap 96.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
b1BANK
Bank
Similar For Sale Nearby
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.
