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b1BANK
2271 Tower Drive, Monroe, LA, 71201, USA
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
b1BANK
2271 Tower Drive, Monroe, LA, 71201, USA
B1BANK
b1BANK is a financial institution that provides a wide range of banking services, with a focus on personalized solutions for individuals, businesses, and professionals. It was founded in 2006 in Baton Rouge, Louisiana, with the mission to serve as a community-focused bank that fosters growth and financial success for its customers. The bank offers a comprehensive suite of services, including personal and business banking, commercial lending, treasury management, and wealth management. b1BANK is known for its commitment to building strong, lasting relationships with its clients through exceptional customer service and tailored financial solutions. Over the years, b1BANK has expanded its presence across the Gulf South region, with over 50 locations designed to provide convenient access to banking services while maintaining its personalized approach. With a focus on innovation and adaptability, b1BANK combines traditional banking values with modern financial technology to meet the evolving needs of its customers, ensuring a seamless banking experience. The bank continues to grow while staying true to its core principles of trust, service, and community
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NAPA Auto Parts & Webster Bank | Monroe, CT
Monroe, Connecticut
Cap Rate: 7.06%
$2,366,000
Available
Price
$2,742,000
Cap Rate
6.50%
PREMISES
3,498 SF
RENEWAL OPTIONS
2 x 5 Year Options
Lease Expiration
06/30/2033
Lease Type
NN
RENTAL INCREASES
1.2% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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