
TS Bank - Corning, IA
701 Davis Avenue, Corning, IA, 50841, US
NZ$4,196,000
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.

