b1BANK | Monroe, LA
Sands Investment Group is Pleased to Present For Sale the b1BANK NN+ Asset Located in Monroe, Louisiana. The 10-Year Corporate Guaranteed Lease Features Two (2), Five (5) Year Options to Extend, and 1.2% Rental Increases Annually Throughout the Initial Term and Both Option Periods. This Site is a Strategic Relocation For b1BANK Which Benefits From a Walmart Shadow Anchor, Which is a Top Performing Walmart in Louisiana. This Offering Presents the Opportunity to Acquire a 2023 Construction, Corporate Tenant With a Growing NOI, Making it an Ideal, Low Management Opportunity For an Investor.
- 2023 Build-to-Suit b1BANK Relocation Site That Features State of the Art Design and Class A Construction Along With Three Drive-Thru Lanes to Match Their Clients Banking Needs
- Corporately Guaranteed Lease By Business First Bancshares (NASDAQ: BFST) – $250 Million in Revenue in 2024 and a Market Cap of Over $824 Million
- Long-Term Net Lease With Over 8 Years Remaining Featuring 1.2% Rent Increases Annually, Providing a Strong Hedge Against Inflation
- 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; According to Placer.AI, This Walmart is in the 77th Percentile in Louisiana and in the 60th Nationwide
- Nearby National Retailers Include: Walmart Supercenter, Raising Cane’s, Starbucks, AutoZone, O’Reilly Auto Parts, McDonald’s, Planet Fitness, Whataburger, Harbor Freight, Among Many Others
In Cooperation With Sands Investment Group Louisiana, LLC Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman – Lic. LA #BROK.0995700567-ACT
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