Building Details

Year Built 1887

Tenancy Single

Listing Agency: JLL Chicago | Americas Headquarters

Listed By: Alex Sharrin · License #IL 475.170243

Source: Crexi

Added: Apr 15 Changed: Aug 30 Last Checked: Aug 30 at 2:19AM

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Investment Insights

Based on property information with market context.

The fee-simple asset is a bank branch at 701 Davis Avenue in Corning, Iowa. Constructed in 1887, the property is subject to an absolute NNN lease with approximately 16 years remaining on the primary term. The lease provides 2.50% annual rent escalations, five renewal options, and no landlord responsibilities, creating a defined long-term occupancy structure.

The branch occupies a prominent position at the intersection of US Highway 34 and Iowa Highway 148. Corning is the Adams County seat and serves approximately 3,700 residents. The property is approximately 55 miles southwest of Des Moines and 110 miles southeast of Omaha. The surrounding area includes downtown revitalization efforts, including the $3.4 million Main Street Corning redevelopment.

TS Bank operates as a subsidiary of TS Banking Group, which reported $437.2 million in assets and $403.5 million in deposits as of December 31, 2025. The offering includes the individual property or a related portfolio of assets.

Key Highlights

• Absolute NNN lease with approximately 16 years of primary term remaining
• 2.50% annual rent escalations and five renewal options
• No landlord responsibilities under the lease structure

Property Analytics

Property Profile

Current Use

TS Bank Bank Shazam Atm Atm 1st. Choice Insurance Insurance Agency Whitmore Co Inc Loan Service

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Hair Salon Bakery Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

260

Businesses Nearby

17k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 90% Dining 10%

Casey's General Store Shops & Services

8,995 visits/mo 0.2 miles

Dollar General Shops & Services

3,430 visits/mo 0.3 miles

Cenex Shops & Services

2,330 visits/mo 0.1 miles

SUBWAY Dining

1,695 visits/mo 0.0 miles

Napa Auto Parts Shops & Services

597 visits/mo 0.1 miles

Demographics for 50841, IA

2,652

Population

1,366

Households

1.9

Avg Household Size

45

Median Age

24%

College-Educated

93%

High-School Grad

228.4 sq mi

ZIP Area

12

Density / Sq Mi

$70,881

Median Household Income

$42,650

Median Earnings

$753

Median Rent

$116,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Fee-simple branch leased on an absolute NNN basis with annual rent escalations and no landlord responsibilities.

Where is this bank located?

The property is located at 701 Davis Ave Corning, IA.

What is the asking price?

The asking price for this property is $2,480,000.

What are key features of this property?

This property features: Absolute NNN lease with approximately 16 years of primary term remaining; 2.50% annual rent escalations and five renewal options; No landlord responsibilities under the lease structure