Allen Media Broadcasting - Mason City, 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 112 North Pennsylvania Ave in Mason City, IA. The Property is the studio for KIMT-TV, also known as Channel 3 News, a television station with six sub-channels and serving as the CBS affiliate for North Central Iowa and Southeast Minnesota.

The Property totals 12,278 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.

Mason City, Iowa is a vibrant small city located in the north-central part of the state, approximately 120 miles north of Des Moines. Mason City is regionally known for its rich architectural heritage, particularly its impressive collection of Prairie School architecture, which attracts architecture enthusiasts and tourists from across the Midwest. The Historic Park Inn Hotel, the last remaining hotel designed by Frank Lloyd Wright, is a centerpiece of the city's architectural significance and is located in the heart of downtown. The city’s musical scene is culminated in the Music Man Square and Meredith Willson Boyhood Home, which are a tribute to Meredith Willson - composer of “The Music Man.” Mason City's economy is diverse, driven by healthcare, manufacturing, and agriculture, with MercyOne North Iowa Medical Center – a 346-bed regional hospital - serving as the largest employer and adding over $260.5 million to the local economy.

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