Allen Media Broadcasting - Rochester, MN_Property for Sale
Allen Media Broadcasting - Rochester, MN_Property for Sale
1751 U.S. 52, Rochester, MN, 55901, US

Allen Media Broadcasting - Rochester, MN

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant, broadcasting facility (the “Property” or “Asset”) fully leased to Allen Media Broadcasting and located at 1751 US-52, Rochester, MN 55901.


The Property totals 8,582 SF is fully occupied by Allen Media Broadcasting, a media broadcasting company with 24 stations across 13 states (the “Tenant”), a subsidiary of Allen Media Group. The Property contains the operations of KIMT3 news, a CBS affiliate, who conducts their broadcasts for news in the Rochester and Mason City area. The lease has 15.5 years remaining with a NNN lease structure, offering investors long-term cash flow, and features four (4), five-year renewal options and attractive annual rent bumps throughout the primary term & renewal options.


Rochester, Minnesota is a thriving mid-sized city located in the southeastern part of the state, approximately 75 miles southeast of Minneapolis-Saint Paul. With a population of 124,000, it is the third-largest city in Minnesota. Rochester is internationally renowned as the home of the Mayo Clinic, one of the world's premier medical centers, which drives the city's economy and attracts patients, medical professionals, and researchers from around the globe. The Mayo Clinic St. Mary’s Campus, a 1,265-bed hospital, is located 1.5 miles from the Asset.

...

Attributes

Asking price
A$6,419,000
Cap rate
7.75%
Land area gross
797 m²
Occupancy
100%
WAULT
15.5 years

Media

Investment Highlights

  • 8,582 SF property, 100% leased to Allen Media Broadcasting
  • 15.5-year NNN lease with attractive renewal options and rent bumps
  • Strategic location serving the Rochester and Mason City areas
  • Rochester, MN is home to the Mayo Clinic, a premier medical centers
  • Stable tenant in the broadcasting industry

Contact brokers

Allen Media Broadcasting - Rochester, MN (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
8 May 2025