Allen Media Broadcasting - Flint, MI

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 2302 Lapeer Rd in Flint, MI. The Property is the studio for WJRT-TV, also known as 12 News, a television station with seven sub-channels and serving as the ABC affiliate for Northeast Michigan.

The Property totals 37,483 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.

Flint, Michigan, is a vibrant city with a rich automotive heritage that has evolved into a diverse center of culture, education, and innovation. General Motors remains a significant presence, employing 7,500 people in the area, while the healthcare sector is also robust, with Ascension Genesys Hospital and Hurley Medical Center among the top employers. The city is home to prestigious educational institutions like Kettering University and the University of Michigan-Flint with 6,000 total students enrolled, as well as numerous cultural attractions including the Flint Institute of Arts, which is Michigan’s second largest art museum, and the Sloan Museum.

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.