RED RIVER BANK - SINGLE TENANT NET LEASE - 7.15% CAP RATE

Prime Commercial Condo with Established Bank Tenant | High-Traffic Corner in Warehouse District/CBD - 7.15% CAP w/ Annual 2.5% Rent Escalations

Unlock an exceptional investment opportunity with this highly visible commercial condo located in the heart of New Orleans’ bustling Warehouse District. Existing tenant is Red River Bank, with 8.5 years remaining on the lease, with annual rent escalations of 2.5% over prior year.

This corner unit sits in a beautifully preserved 100+ year-old building, showcasing timeless brickwork, soaring open warehouse-style ceilings, and oversized windows and doors that flood the space with natural light and provide unmatched street presence.

The space features several private offices, a built-in ATM and Night Drop, mens and women's restrooms, and a kitchen and break area.

Positioned on the signalized corner of Baronne and Girod Streets, this location benefits from constant vehicle and pedestrian traffic and is directly across the street from a high-volume Rouses Market and CVS Pharmacy. It’s also just steps away from the renowned Emeril’s Restaurant 34, ensuring consistent visibility in a thriving commercial corridor.

Zoned CBD-5, this property offers incredible flexibility for a wide range of commercial uses in addition to continued financial services. With high-speed fiber optic and cable internet/phone service available from both AT&T and Cox, as well as access to high-pressure gas lines, this unit is future-proofed for modern business needs.

 

Tenant Profile: Red River Bank

This property is anchored by Red River Bank, a premier full-service commercial bank and one of Louisiana’s strongest regional financial institutions. Founded in 1999 and publicly traded under Nasdaq: RRBI, Red River Bank is the fifth largest state-chartered bank in Louisiana, with a proven track record of growth, stability, and conservative financial management.

The bank currently operates 27 locations across key Louisiana markets, including Baton Rouge, Shreveport, Lafayette, and Alexandria. With over $3.15 billion in total assets and $2.81+ billion in deposits, Red River Bank enjoys a loyal customer base and consistent performance — offering investors the confidence of a well-capitalized, relationship-driven tenant.

Known for its prudent lending practices, strong capital ratios, and commitment to local markets, Red River Bank is a high-credit, long-term tenant ideal for passive income-focused investors seeking stability and reliable cash flow.

Lease Available for Review Upon Request

Agent has an ownership interest in the property.

This is a rare chance to own a piece of New Orleans history while securing a prime location with strong rental income and long-term appreciation potential.

Property Highlights:

• Established bank tenant with built-in ATM & Night Drop

• Iconic brick façade inside/out and historic charm

• Expansive corner frontage with high visibility

• High-traffic location at signalized intersection

• Surrounded by major retail and dining destinations

• Public Parking Garage diagonally across the street

• Flexible CBD-5 zoning

• Access to AT&T and Cox high-speed internet and phone

• High-pressure gas line access