TS Bank - Crosby, ND_Property for Sale
TS Bank - Crosby, ND_Property for Sale

TS Bank - Crosby, ND

11 Central Ave, Crosby, ND, 58730, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the exclusive opportunity to acquire the fee simple interest in The Bank of Tioga (the “Tenant”) branch located at 11 Central Ave in Crosby, North Dakota (the “Property”). This investment offers a secure, long-term passive income stream through a 17-year absolute NNN lease with approximately 16-years of primary term remaining. The lease features zero landlord responsibilities, attractive 2.5% annual rent escalations, and three, five year renewal options, ensuring a predictable and growing return.


The Bank of Tioga is a subsidiary of TS Contrarian (the “Guarantor”), a highly respected community focused holding company headquartered in Treynor, Iowa. This Crosby location serves as a financial cornerstone for northwestern North Dakota, with the parent bank holding $794.8 million in assets and $758.2 million in deposits as of December 31, 2025. Committed to local impact, The Bank of Tioga reinvest 10% of its net income back into the community through charitable giving, sponsorships and local partnerships. Strategically located in Divide County, North Dakota, the Property benefits from a proven energy driven economy with strong fundamentals. The county maintains an exceptionally low ±2% unemployment rate, with average household income within one mile approaching $130,000, supporting sustained consumer demand. Divide County produces approximately 38,000 barrels of oil daily and ranks fifth in North Dakota—the nation's third-largest oil-producing state. Since the 1950s, over 1,400 oil and gas wells have been drilled countywide, driving job creation and infrastructure investment. Agriculture, community development funds, and workforce growth initiatives further strengthen the local economy, positioning the Property within a stable, durable market.


This offering represents a unique opportunity for an investor to acquire a hands-off asset or portfolio of assets with a long-term lease, backed by a top-performing community bank in a strategic location poised for significant, sustained economic growth. This is a unique opportunity to acquire a long-term, passive income stream from a top-performing community bank with a proven deposit base, secured by a hands-off asset in a location poised for sustained economic growth.

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Attributes

Asking price
¥517,744,000
Cap rate
7.5%
WALT
16 years
Land area gross
0.19 ha
Building area net
743 sm
Year built
1963
Annual escalation
Fixed

Media

Investment highlights

  1. ±16 years of primary lease term remaining
  2. $60M in 2025 Bank Branch Deposits
  3. 2.50% Annual Rent Escalations
  4. Absolute NNN Lease with zero landlord responsibilities
  5. 2.2% Unemployment Rate (Divide County)
  6. $130.9k Average household income within a 1-mile radius
  7. #5 Statewide in total barrels of oil produced
  8. 38k Barrels of oil produced per day (Divide County)
  9. Sub Portfolio Options available: Total portfolio includes 11 total sites in 4 states (IA, IL, ND, WI)


TS Bank - Crosby, ND 4_Property for Sale

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TS Bank - Crosby, ND (0 Properties)

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Last updated
Apr 15, 2026