This Whitney Bank (Nasdaq: HBHC) branch was built in 2007. The primary term expires February 1, 2027 and the tenant has two (2) - ten (10) year renewal options. The base rental is $146,342.57 per annum on an absolute net basis with no landlord responsibilities. The base rent is set to increase on February 1, 2022 by the lesser of the parentage change in the CPI or 10%. The property is adjacent to a Wendy's, Walgreens and Walmart Supercenter. The property brochure can be downloaded under attachments.
|Property subtype||Free-Standing BuildingOther|
|List price||$2,150,000 |
|Open house details|