2901 Cypress Street is a mixed-use property for lease in West Monroe, LA.
CALL FOR OFFERS DATE - April 15, 2015
For Sale is a Portfolio of 11 NNN Leased Investment properties leased to Entergy Louisiana (NYSE: ETL). Properties can be purchased as a package or individually. Entergy has recently executed a 5-year option extending the leases to November 2020. There are two additional 5-year options remaining.
Many of the subject properties are mission critical industrial sites that allow Entergy to deliver power to various locations throughout the state.
The WEST MONROE, LA property consist of two, one and two-story office buildings, and four metal warehouses along with several ancillary metal sheds and small storage buildings. The facility is used as an administrative office, service center and maintenance facility. In total, the buildings include 87,554 SF of gross building area, situated on 15.52 acres (configured into two tracts separated by North 7th Street).
Entergy Corporation (NYSE: ETR), is a Fortune 500 integrated energy company engaged primarily in electrical power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capability, including more than 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,000 employees.
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