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31675832
31675833

43 Scott St, Council Bluffs, IA 51503 For Sale

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
$7,430,000
95 days on market
Updated 4 days ago
Opportunity zone

TS Bank - Council Bluffs, IA

Details
Property Type Office, Retail
Sub Type Bank
Net Rentable (SqFt) 20,032
Cap Rate 8.25%
NOI $612,979
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 17.1
Lease Expiration 03/31/2043
Remaining Term 17
Rent Bumps Yes
Lease Options 3 x 5-Years
Price per SqFt $371
Year Built 2016
Stories 4
Acreage 0.560
Investment Type Net Lease
Lease Commencement 03/16/2026
Ground Lease No
Ownership TS Banking Group

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

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
$612,979.00
$51,081.58/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
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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