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Description

Excellent Investment Opportunity - Brand New Whitney Bank Building, For Sale by the Developer. - New 20 Year Build to Suit Recently Completed - Triple Net Lease with a STRONG Tenant (Whitney National Bank is the lead operating unit of Whitney Holding Corporation, a $10.1 billion one-bank holding company that has been operating in the Louisiana market for the past 123 years. Standard and Poor#s Credit Rating of BBB+) - Go Zone Benefits, contact a tax professional. - 4,200 Square Foot Building - 1.22 Acre Hard Corner Site - Average NOI: $190,450.00 - Sales Price: $2,930,000.00 - CAP Rate: 6.5% - Average 2007 Population and Avg. HH Income: - 1 mi: 11,312, $49,364 - 3 mi: 35,619, $56,850 - 5 mi: 43,511. $55,203 - This site is very well located on a hard corner location on Belle Terre Blvd. , the predominant 4 lane artery that feeds Laplace, LA. The immediate area has experienced sustained growth in recent years due to its prime inland location and relative proximity to the major metro areas of Baton Rouge and New Orleans, Louisiana. Building price details: $2,930,000.

Property Details

• Type: Retail
• Status: Available
• Buildings: 1

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