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Iberia Bank Building NNN



§  LOCATION:

Located just West of I75/Rt 64 Interchange. 2015 traffic count 42,000

§  LEASE INFO:

6 Years remaining on 15 year lease  Three five year extensions, 2.5% annual increases, Structure and roof landlord, all other on tenant

§  BUILDING:

9,842 SF Rentable

§  LAND:

1.09 Acres

§  PARKING RATIO:

3.82/1000SF   

§  FINANCIAL:

NOI 2017 $377,677

2.5%  Increases annually

PROPERTY FEATURES

-      - Quality building built in 200t with abundant parking.

-      - Two story with drive through.

- 42,000 daily traffic count, high growth area

-Tenant: Iberia Bank (IBKC Nasdaq)