The Bank of Tioga - Crosby, ND — Sale in Crosby, ND

  • Price: $3.3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Crosby, ND 58730
  • Year built: 1963

Photos

The Bank of Tioga - Crosby, ND — Sale in Crosby, ND, photo 1 of 8
The Bank of Tioga - Crosby, ND — Sale in Crosby, ND, photo 2 of 8
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The Bank of Tioga - Crosby, ND — Sale in Crosby, ND, photo 8 of 8

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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 c

Market Context

This retail in Crosby, ND is listed for sale at $3,260,000. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1963. Compare it against other retail listings for sale in Crosby, ND — view the full market.

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