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31675460
31675461

1005 E 7th St, Atlantic, IA 50022

AS
IL 475.170243
JLL Chicago | Americas Headquarters
JC
SL3541410
JLL - Irvine (Orange County), California
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
$3,140,000
51 days on market
Updated 51 days ago

TS Bank - Atlantic, IA

Details
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 7,702
Cap Rate 7.50%
NOI $235,681
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 01/31/2043
Remaining Term 16
Rent Bumps Yes
Lease Options 3 x 5-Years
Price per SqFt $408
Year Built 1985
Acreage 0.580
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 02/13/2026
Ground Lease No
Ownership TS Banking Group

Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | 32% Deposit Growth Over 2 Years | 7.50%

Marketing description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the exclusive opportunity to acquire the fee simple interest in a TS Bank branch located at 1005 E 7th St, Iowa. This turnkey investment delivers a secure, long-term passive income stream through a 17-year absolute NNN lease with approximately 16 years of primary term remaining. The lease features zero landlord responsibilities, attractive 2.5% annual rent escalations, and three five-year renewal options, ensuring predictable and growing returns.

TS Bank, a subsidiary of TS Banking Group, operates as a financial cornerstone for southwestern Iowa. The parent company demonstrates strong financial performance with $437.2 million in assets and $403.5 million in deposits as of December 31, 2025. The investment is further secured by the strength of the parent company, which operates Iowa's largest state-chartered C-Corp trust department west of Des Moines. Strategically positioned at US Highway 6 and State Highway 71 in Atlantic, Iowa—the Cass County seat—the Property serves as the primary financial center for the region's 13,000+ residents, located 75 miles east of Omaha. The three-mile trade area demonstrates stable fundamentals with 7,118 residents, $78,911 average household income, and a 21% daytime population increase. Vision Atlantic's $89 million revitalization initiative is driving significant momentum through the 142-home Camblin Hills development, the 300-child Lakin Foundation Child Development Center opening Fall 2026, and YMCA expansion, positioning Atlantic as a premier recreation destination between Omaha and Des Moines.

This offering represents a unique opportunity to acquire a hands-off asset or portfolio of assets featuring a long-term lease with a top-performing community bank. The investment provides a passive income stream backed by a proven deposit base in strategic locations poised for significant, sustained economic growth.

Investment highlights

  • ±16 years of primary lease term remaining
  • Absolute NNN Lease with zero landlord responsibilities
  • $14M in 2025 Bank Branch Deposits (32% CAGR Deposit Growth over 2 years)
  • ±$90M community revitalization plan: a 49-acre master-planned community with a Child Development Center and YMCA
  • 2.50% Annual Rent Escalations
  • 10k Vehicles Per day ("VPD") exposure to from East 7th Street
  • $76.7k average household income within a 1-mile radius
  • ±20% increase in daytime population within a one-mile radius
  • Less than one mile from a Supercenter with 1.4M annual visits
  • Total portfolio includes 11 total sites in 4 states (IA, IL, ND, WI)

Listing Contacts

AS
IL 475.170243
JLL Chicago | Americas Headquarters
JC
SL3541410
JLL - Irvine (Orange County), California
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$235,681.00
$19,640.08/mo

Valuation Metrics

0
DSCR
7.51%
Cap Rate
7.51%
ROI

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Additional Information

Name
Aaron Hyde
License
S56270000
Brokerage
JLL
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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