TS Bank - Council Bluffs, IA
Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | Near Downtown Omaha | 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 TS Bank branch located at 43 Scott Street in Council Bluffs, Iowa (the “Property”), or a related portfolio of assets. The investment delivers stable, long‑term passive income through a 17‑year absolute NNN lease with approximately 17 years of primary term remaining, featuring zero landlord responsibilities, 2.50% annual rent escalations, and three five‑year renewal options, providing predictable and growing cash flow.
TS Bank is a subsidiary of TS Banking Group, a community‑focused bank holding company headquartered in Treynor, Iowa. As of December 31, 2025, the parent organization reported $437.2 million in assets and $403.5 million in deposits, further strengthened by operating the largest Iowa state‑chartered C‑Corp trust department west of Des Moines. The Council Bluffs branch serves as a key financial center for southwestern Iowa and the greater Omaha metro area.
Council Bluffs and Pottawattamie County comprise the Iowa portion of the Omaha–Council Bluffs MSA, a bi‑state region of approximately 950,000 residents supported by a diversified economy anchored by insurance, finance, healthcare, logistics, and technology. Major employers include Google, UnityPoint Health, and Union Pacific. The MSA continues to benefit from significant investment, including Mutual of Omaha’s $600 million headquarters, a $60 million riverfront redevelopment, and UNMC’s $2.2 billion Project Health campus. With four Fortune 500 headquarters, low unemployment, and substantial committed capital, this offering represents an opportunity to acquire a hands‑off, credit‑backed community bank asset in a growing Midwestern market.
Investment highlights
- ±17 years remaining on the primary lease term
- Absolute NNN lease with zero landlord responsibilities
- $30.0 million in bank branch deposits as of 2025
- Adjacent to the Omni Centre Business Park, comprising 60+ tenants
- Located approximately 3 miles from downtown Omaha, within the Omaha–Council Bluffs MSA
- Sub‑portfolio options available, including 11 total assets across 4 states (IA, IL, ND, WI)
- $90,000 average household income within a five‑mile radius
- 24% increase in daytime population within a one‑mile radius
- Locatd in downtown Council Bluffs
- 2.50% annual rent escalations
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