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31675907
31675908

15 E Main St, Treynor, IA 51575

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
$6,050,000
51 days on market
Updated 51 days ago

TS Bank - Treynor, IA

Details
Property Type Office, Retail
Sub Type Bank
Net Rentable (SqFt) 16,313
Cap Rate 8.25%
NOI $499,178
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 1983
Acreage 1.300
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 | $260M Deposits | $149K 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 TS Bank branch located at 15 E Main Street in Treynor, Iowa (the “Property”). The investment delivers secure, long‑term passive income through 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, ensuring predictable and growing returns.

TS Bank is a subsidiary of TS Banking Group, a highly respected, community‑focused 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 supported by operating the largest Iowa state‑chartered C‑Corp trust department west of Des Moines.

Strategically located in Treynor, the Property benefits from proximity to the Omaha–Council Bluffs Metropolitan Statistical Area, situated approximately 20 miles east of the regional core. The surrounding trade area features a high‑income local demographic, with an average household income of approximately $148,000 within a one‑mile radius. The Property is adjacent to Treynor High School, Junior High School, and Elementary School, driving consistent daily traffic and community activity. The broader Omaha–Council Bluffs MSA is anchored by four Fortune 500 corporate headquarters and benefits from over $3.4 billion in committed development projects through 2031, reinforcing long‑term economic stability. This offering presents a compelling opportunity to acquire a hands‑off, credit‑backed community bank asset positioned for sustained growth.

Investment highlights

  • Absolute NNN lease with zero landlord responsibilities
  • $260 million in bank branch deposits as of 2025
  • 2.4% local retail vacancy rate (Omaha–Council Bluffs MSA)
  • Adjacent to Treynor High School, Junior High, and Elementary School, driving daily traffic and community presence
  • Sub‑portfolio options available, including 11 total sites across 4 states (IA, IL, ND, WI)
  • 3.3% unemployment rate within the Omaha–Council Bluffs MSA
  • $148,600 average household income within a five‑mile radius
  • TS Banking Group corporate headquarters location
  • 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
$499,178.00
$41,598.17/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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