Allen Media Broadcasting - Tucson, AZ

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 209 West Elm Street in Tucson, AZ. The Property is the studio for KIMT-TV, also known as Channel 4 News, a television station with five sub-channels and serving as the NBC affiliate for Southern Arizona.

The Property totals 34,869 SF and 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 lease has 15.4 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.

Tucson, Arizona, the second-largest city in the state, is a vibrant metropolis with a population of over 1 million in its greater metropolitan area. It boasts a diverse economy, with a focus on high-tech industries, earning it the nickname "Optics Valley," and is home to the prestigious University of Arizona, which is only a two-mile drive from the Property and has 45,000 students enrolled annually. The city's blend of natural beauty, rich cultural heritage, and economic opportunities, combined with its impressive 4.6% real GDP growth in 2023, makes it an increasingly attractive destination for residents and businesses alike.

The Offering provides investors with the opportunity to acquire over 15.4 years of passive cash flow from a national broadcasting tenant in a premier market with exceptional real estate fundamentals.