North American Lighting - NNN - Farmington Hills, MI

JLL is pleased to exclusively present a single-tenant, net-leased investment opportunity located at 36600 Corporate Drive in Farmington Hills, Michigan (the “Property” or “Offering”). The Offering consists of a 75,286-SF flex building that serves as the Technology Research Center for North American Lighting, Inc. (“NAL” or “Tenant”), a subsidiary of Japan-based Koito Manufacturing Co., Ltd. (“Koito”). The Tenant recently signed a 15-year lease extension, providing investors with a secure, passive income stream with 2.5% fixed annual rent escalations.

NAL is the largest Tier-1 automotive exterior lighting supplier in North America and has a long history of innovation. The Tenant is a core operating subsidiary of its parent, representing ±25% of consolidated revenues for Koito, a global manufacturer and supplier of lighting equipment for all types of transports. NAL benefits from the implicit credit support of an established global manufacturer and supplier of lighting equipment across a diverse array of end markets. The Offering represents a rare opportunity to acquire a mission-critical asset with a durable, growing income stream backed by a dominant industry leader in a high-barrier-to-entry market.