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Hancock Whitney Bank - STNL 329 W Pont Des Mouton Rd

2,832 SF Retail Building Lafayette, LA 70507 $3,023,402 ($1,068/SF) 6.10% Cap Rate

Investment Highlights

  • NNN lease with minimal landlord responsibilities
  • Excellent location with great visibility in a growing area within the city of Lafayette, LA
  • Great investment opportunity for investor looking stable investment property for their portfolio
  • Surrounded by industry, retail, single and multi-family rooftops

Executive Summary

HANCOCK WHITNEY BANK - Lafayette, LA Hancock Whitney Bank located at 329 West Pont Des Mouton in Lafayette, LA. This property offers a solid investment and guarantees a steady cash flow for the savvy investor. The bank, a tenant with a strong financial background, occupies a building of 1,829 square feet on a spacious 1.49-acre lot.
Situated west of I-49, Hancock Whitney Bank enjoys excellent visibility, attracting over 11,800 vehicles daily. It is located in front of the Reserve at Couret Farms, a 125-acre Traditional Neighborhood Development. Other national retailers in the vicinity include Target, Academy Sports + Outdoors, Ross Dress for Less, and more. With a population of over 75,000 residents and 50,000 employees in the trade area, this property promises a strong customer base. Don't miss out on this exceptional investment opportunity.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,832 SF
Building Class
B
Year Built
2018
Price
$3,023,402
Price Per SF
$1,068
Cap Rate
6.10%
NOI
$184,428
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.49 AC
Opportunity Zone
Yes
Zoning
C-1 - Light commercial zoning

Amenities

  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 1,829 SF
  • -
  • Triple Net
  • Dec 2033

In the late 1800s, the Gulf Coast and two new banks were booming. South Mississippians looked to Hancock Bank to help manage prosperity created by agriculture, seafood, timber and tourism. Sixty miles to the west, New Orleans and Whitney Bank thrived in the wake of the World Cotton Expo. For more than 100 years, Hancock and Whitney grew with and because of the people and places of the Gulf South. As the banks expanded into new towns and cities, they quickly became trusted, reliable business and community partners. Many smaller regional banks became part of Hancock and Whitney over the years. Hancock and Whitney came together in 2011; but that merger simply brought historical and community connections between the two banks full-circle—the consummation of a relationship which started 100 years earlier. The two banks were neighbors, sharing similar history, geography and values. Early Hancock and Whitney leaders were business and social contemporaries.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 1,829 SF - Triple Net Dec 2033

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6150065
Land Assessment
$12,980
Improvements Assessment
$59,163
Total Assessment
$72,143
  • Listing ID: 29899705

  • Date on Market: 10/27/2023

  • Last Updated:

  • Address: 329 W Pont Des Mouton Rd, Lafayette, LA 70507

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