Allen Media Broadcasting - Waterloo, IA

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 500 East 4th St in Waterloo, IA. The Property is the studio for KWWL, a television station licensed to Waterloo, IA, with six sub-channels and serving as the NBC affiliate for Eastern Iowa.

The Property totals 56,152 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.

Waterloo, Iowa, with a population of 67,314, is a vibrant city known for its diverse economy, cultural attractions, and educational institutions. The city's major employers include John Deere, Tyson Fresh Meats, and healthcare providers, while cultural highlights such as the Waterloo Center for the Arts and eleven major festivals contribute to its community spirit. Waterloo's commitment to education, exemplified by Hawkeye Community College and proximity to the University of Northern Iowa, bring a total of 11,500 students to the area annually. Waterloo is also embracing innovation with projects like the Cedar Valley Tech Works, designed to create a bio-product cluster and foster new biotechnology companies, leading to more job opportunities in the region.

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.

Broker of Record

Mike Minard, CCIM

Senior Vice President

License #S42639000