INTERTEK - 725 Oakridge Dr, Romeoville, IL
STNL Industrial Lab Bldg | $4.34 B Credit Tenant | 5.6 Yr. WALT | SW of Downtown ChI
Marketing description
STICKY TENANT | STRONG HISTORICAL OCCUPANCY W/ MULTIPLE RENEWALS AND CAP-EX INVESTMENT
—In addition to renewals, Intertek has also invested substantial cap-ex into the building, including a $200,000+ in their lab space. In combination, Intertek’s investments into physical infrastructure and multiple renewals demonstrate their strong commitment to the subject site.
CENTRAL LOCATION WITHIN THRIVING “WEST SUBURBS” CHICAGO SUBMARKET – LOW VACANCY
—The subject property is centrally located directly off IL-53, a major north-south arterial highway which provides convenient access to I-355 and I-55 connecting the facility to the Greater Midwest Region that it serves.
—The subject site is located within the thriving “Far West Suburbs” industrial submarket of Chicago which boasts one of the lowest vacancy rates of any Chicago submarket at only 2.6% as of Q2 2025 (Source: CBRE Research).
Investment highlights
HIGHLY SECURED NNN LEASE WITH TERM | PUBLICLY TRADED “BLUE CHIP” CREDIT $4.34 BILLION IN ANNUAL REVENUE (2024)
—The corporate signature NNN lease features over 5.6 years of term remaining (as of March 1, 2026 analysis start date), with attractive two percent (2%) annual rental increases throughout the primary term and two (2) five (5) year options resulting in a highly secured long term income stream and excellent hedge against inflation
“MISSION CRITICAL” LAB / TESTING CENTER SERVICING MAJOR CUSTOMERS IN TRADE AREA
—The property was constructed in 2005 as a Build to Suit for Intertek. The site was strategically selected as a relocation from the Midway area of Chicago. Intertek specifically selected the Romeoville location for a multitude of factors including its immediate proximity to substantial customers such as Citgo, Exxon, and BP.
—The subject location is a lab for testing oil, gas, butane, petcoke, and crude oil samples. Key nearby customers include producers such as Exxon, BP, Citgo, Chicago Transit Authority, and Chevron.
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