TS Bank - Tioga, ND_Property for Sale
TS Bank - Tioga, ND_Property for Sale

TS Bank - Tioga, ND

7 Main St N, Tioga, ND, 58852, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee‑simple interest in a Bank of Tioga branch located at 7 North Main Street, Tioga, North Dakota (the “Property”), or a related portfolio of assets. The investment is secured by 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, providing a secure and predictable long‑term income stream.


The Bank of Tioga is a subsidiary of TS Contrarian Bancshares, Inc., a multi‑state bank holding company under the TS Banking Group headquartered in Treynor, Iowa. Operating through subsidiary banks including First National Bank and Trust Company and The Bank of Tioga, the platform services North Dakota, Illinois, and Wisconsin. As of December 31, 2025, the guarantor reported $794.8 million in total assets and $758.2 million in deposits, supported by a diversified product offering spanning consumer, business, agricultural, and wealth management services.


Strategically located in Tioga, the oil capital of North Dakota, the Property serves a vital energy and agricultural market within Williams County. Positioned near the intersection of U.S. Highway 2 and North Dakota Highway 40, the trade area benefits from strong demographics, including an average household income of $110,158, a growing daytime population, and a regional economy anchored by oil and gas, healthcare, and agriculture. This offering represents a compelling opportunity to acquire a hands‑off, credit‑backed community bank asset in a market demonstrating sustained economic momentum.

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Attributes

Asking price
$3,170,000
Cap rate
8.25%
NOI
$262,000
WALT
17 years
Land area gross
0.4 acres
Rentable area
8,560 sf
Year built
1998
Annual escalation
Fixed

Media

Investment highlights

  1. ±16 years of primary lease term remaining
  2. Absolute NNN lease with zero landlord responsibilities
  3. $354 million in bank branch deposits as of 2025
  4. 35% deposit growth over the past two years
  5. Tioga, North Dakota serves as a vital energy and agricultural hub in the heart of the Bakken oil fields
  6. Sub‑portfolio options available, including 11 total sites across 4 states (IA, IL, ND, WI)
  7. $110,000 average household income within a three‑mile radius
  8. 44% increase in daytime population within a five‑mile radius
  9. 2.50% annual rent escalations
TS Bank - Tioga, ND 4_Property for Sale
TS Bank - Tioga, ND 4_Property for Sale

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TS Bank - Tioga, ND (0 Properties)

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Last updated
Apr 7, 2026