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31675915
31675916

310 Main St, Macedonia, IA 51549

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
$410,000
51 days on market
Updated 51 days ago

TS Bank - Macedonia, IA

Details
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 1,100
Cap Rate 8.25%
NOI $33,600
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 $373
Year Built 1920
Acreage 0.030
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 | Surrounded By Over 1,400 Farms | 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 310 Main Street in Macedonia, Iowa (the “Property”), or a related portfolio of assets. The investment provides 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 increasing cash flow.

TS Bank is a subsidiary of TS Banking Group, a highly respected, 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 supported by operating the largest Iowa state‑chartered C‑Corp trust department west of Des Moines. The Macedonia branch serves as a financial cornerstone for southwestern Iowa and benefits from the strength and stability of the broader TS Banking Group platform.

Strategically located in the agricultural heartland of Pottawattamie County, Macedonia is a key rural community within the Omaha–Council Bluffs Metropolitan Statistical Area. The immediate trade area features a population of approximately 814 residents and an average household income of $120,000 within a one‑mile radius, supported by stable population trends. The regional economy is anchored by agriculture—where Pottawattamie County is a national leader in corn production—complemented by retail, healthcare, and manufacturing employment. Economic stability is further reinforced by county‑level initiatives and local development organizations, creating a supportive environment for sustained commercial activity. This offering represents a compelling opportunity to acquire a hands‑off, credit‑backed community banking asset positioned for long‑term growth.

Investment highlights

  • ±16 years of primary lease term remaining
  • Absolute NNN lease with zero landlord responsibilities
  • Located approximately 20 miles (under 30 minutes) from downtown Omaha, Nebraska
  • Situated within Pottawattamie County, a leading agricultural region known for premium farmland and livestock production (“Corn Belt” powerhouse)
  • Sub‑portfolio options available, including 11 total sites across 4 states (IA, IL, ND, WI)
  • $120,000 average household income within a one‑mile radius
  • 1,400 farms located within Pottawattamie County
  • 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
$33,600.00
$2,800.00/mo

Valuation Metrics

0
DSCR
8.2%
Cap Rate
8.2%
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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