TS Bank - Council Bluffs, IA — Sale in Council Bluffs, IA
- Price: $7.4M
- Listing type: For sale
- Asset type: Retail Business
- Location: Council Bluffs, IA 51503
- Size: 20,032 SF
- Year built: 2016
Photos
Investment Figures
- Cap rate
- 8.25%
- Price per square foot
- $371
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 exclusively offer the opportunity to acquire the fee‑simple interest in a TS Bank branch located at 43 Scott Street in Council Bluffs, Iowa (the “Property”), or a related portfolio of assets. The investment delivers stable, long‑term passive income through a 17‑year absolute NNN lease with approximately 17 years of primary term remaining, featuring zero landlord responsibilities, 2.50% annual rent escalations, and three five‑year renewal options, providing predictable and growing cash flow. TS Bank is a subsidiary of TS Banking Group, a 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 strengthened by operating the largest Iowa state‑chartered C‑Corp trust department west of Des Moines. The Council Bluffs branch serves as a key financial center for southwestern Iowa and the greater Omaha metro area. Council Bluffs and Pottawattamie County comprise the Iowa portion of the Omaha–Council Bluffs MSA, a bi‑state region of approximately 950,000 residents supported by a diversified economy anchored by insurance, finance, healthcare, logistics, and technology. Major employers include Google, UnityPoint Health, and Union Pacific. The MSA continues to benefit from significant investment, including Mutual of Omaha’s $600 million headquarters, a $60 million riverfront redevelopment, and UNMC’s $2.2 billion Project Health campus. With four Fortune 500 headquarters, low unemployment, and substantial committed capital, this offering represents an opportunity to acquire a hands‑off, credit‑backed community bank asset in a growing Midwestern market.
Market Context
This retail in Council Bluffs, IA is listed for sale at $7,430,000 across 20,032 SF. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2016. Compare it against other retail listings for sale in Council Bluffs, IA — view the full market.
As of Q1 2026, the Omaha retail market showed a 6.2% vacancy rate, average asking rents near $16.86/SF/yr, and rents up 5.0% year over year. Source: CBRE Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- Is the Omaha retail market tightening or softening?
- Vacancy is around 6.2%, with asking rents rising year over year (Q1 2026).
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