Listed by Sands Investment Group
$2,635,000
Hancock Whitney Bank - Lafayette, LA
Details
Property Type Retail
Sub Type Bank
Square Footage 1,829
Cap Rate 7%
NOI $184,428
Occupancy 100%
Tenancy Single
Brand/Tenant Hancock Whitney Bank
Lease Type NNN
Lease Term 15
Lease Expiration 11/12/2033
Remaining Term 7.4
Rent Bumps Yes
Lease Options 2 x 5 Year Option Periods
Class A
Year Built 2018
Acreage 1.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/13/2018
High Deposit Location | Retail | 7.00% CAP | 1,829 SqFt
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 1,829 SF Hancock Whitney Bank located at 329 W Pont Des Mouton Road in Lafayette, LA. This opportunity features a rare, high-performing deposit location with over $94M in deposits as of 2024, along with an attractive net-lease structure. Positioned for stability and long-term value, this asset presents a compelling and unique investment opportunity.
Investment highlights
- Rare high-deposit location with over $94M in deposits (2024).
- Significant rental increase in November 2028 (contact agent for details).
- Secure investment with a corporate guarantee from Hancock Whitney Bank (NYSE: HWC) and 237 branch locations nationally.
- Long-term investment with ~7 years remaining on the current term.
- Attractive net-lease with zero landlord responsibilities.
- Strategically located and well-positioned with 38,545 residents within a 3-mile radius and adjacency to a 125-acre neighborhood development.
- Class-A 2018 build-to-suit asset with best-in-class construction and design.
- Easily accessible with multiple points of ingress and egress.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,428.00
$15,369.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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