STREAM Capital Partners > Properties > All Properties > Ajinomoto Health

Ajinomoto Health

Net Lease

250 E Devon Ave, Itasca, Illinois
Ownership Type:
Fee Simple
Price:
$15,824,557
Cap Rate:
7.00%
Current Rent:
$1,107,719
Tenancy:
Single Tenant
Lease Type:
DoubleNet
Renewal Options:
5, 5-year
Rent Increases:
$0.50 PSF per year

Investment Highlights

Proven Global Tenant: Ajinomoto Health & Nutrition North America, a wholly owned subsidiary of Ajinomoto Co., Inc. (publicly traded, ~$10B global enterprise), with ~$400MM+ in U.S. revenue, strong profitability, minimal leverage, and a meaningful $7MM+ capital investment into the facility, creating strong operational stickiness.

Long Term NNN Lease: 58,301 SF single-tenant, absolute NNN office/R&D facility on 6.4 acres within the Hamilton Lakes Business Park, recently renovated, strong curb appeal, institutional-quality presentation, contractual rent escalations (~2.56%), and ~10+ years of remaining primary lease term with renewal options.

Well Positioned Chicago MSA: Chicago MSA – O’Hare Airport submarket (Itasca, IL), approximately 12 miles from O’Hare International Airport with immediate access to I-290, I-390 (Elgin–O’Hare Tollway), and I-355, positioning the property within a key suburban employment and logistics corridor.

Why (Investment Rationale): Attractively priced, durable net-leased income backed by a global credit tenant with significant sunk capital and long-term operational commitment.

Submarket Transformation / Optionality: Hamilton Lakes and the broader O’Hare corridor are emerging as a data-center redevelopment hub, underscored by recent acquisitions by NTT Global Data Centers and other hyperscale users, supporting long-term land value and reducing legacy office supply.

Ownership Type:
Fee Simple
Price:
$15,824,557
Cap Rate:
7.00%
Current Rent:
$1,107,719
Lease Type:
DoubleNet
Renewal Options:
5, 5-year
Rent Increases:
$0.50 PSF per year

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

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