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31675787
31675788

7N Main St N, Tioga, ND 58852

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
$3,170,000
56 days on market
Updated 56 days ago

The Bank of Tioga - Tioga, ND

Details
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 8,560
Cap Rate 8.25%
NOI $261,936
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 $370
Year Built 1954
Acreage 0.400
Investment Type Net Lease
Lease Commencement 02/13/2026
Ground Lease No
Ownership TS Banking Group

Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | $354M Deposits | $110 AHHI | 8.25%

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee‑simple interest in a Bank of Tioga branch located at 7 North Main Street, Tioga, North Dakota (the “Property”), or a related portfolio of assets. The investment is secured by a 17‑year absolute NNN lease with approximately 16 years of primary term remaining, featuring zero landlord responsibilities, 2.50% annual rent escalations, and three five‑year renewal options, providing a secure and predictable long‑term income stream.

The Bank of Tioga is a subsidiary of TS Contrarian Bancshares, Inc., a multi‑state bank holding company under the TS Banking Group headquartered in Treynor, Iowa. Operating through subsidiary banks including First National Bank and Trust Company and The Bank of Tioga, the platform services North Dakota, Illinois, and Wisconsin. As of December 31, 2025, the guarantor reported $794.8 million in total assets and $758.2 million in deposits, supported by a diversified product offering spanning consumer, business, agricultural, and wealth management services.

Strategically located in Tioga, the oil capital of North Dakota, the Property serves a vital energy and agricultural market within Williams County. Positioned near the intersection of U.S. Highway 2 and North Dakota Highway 40, the trade area benefits from strong demographics, including an average household income of $110,158, a growing daytime population, and a regional economy anchored by oil and gas, healthcare, and agriculture. This offering represents a compelling opportunity to acquire a hands‑off, credit‑backed community bank asset in a market demonstrating sustained economic momentum.

Investment highlights

  • ±16 years of primary lease term remaining
  • Absolute NNN lease with zero landlord responsibilities
  • $354 million in bank branch deposits as of 2025
    • 35% deposit growth over the past two years
  • Tioga, North Dakota serves as a vital energy and agricultural hub in the heart of the Bakken oil fields
  • Sub‑portfolio options available, including 11 total sites across 4 states (IA, IL, ND, WI)
  • $110,000 average household income within a three‑mile radius
  • 44% increase in daytime population within a five‑mile radius
  • 2.50% annual rent escalations

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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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$261,936.00
$21,828.00/mo

Valuation Metrics

0
DSCR
8.26%
Cap Rate
8.26%
ROI

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Additional Information

Name
Matt Hazelton
License
9900
Brokerage
JLL
Title
Broker of Record
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