Allen Media Broadcasting - Rochester, MN

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.