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3331 Belvidere Rd
Waukegan, IL 60085
Family Dollar & Greenlight Dispensary · Retail Property For Sale
Investment Highlights
- Chicago MSA Acquisition Opportunity w/ Strong Demographics
- Resilient Tenant Mix with Investment Grade Retailer
- Highly Trafficked Retail Corridor
- Limited Landlord Responsibilities with Attractive Rent Increases
- Excellent Local and Regional Access
- Expanding Cannabis Market in Limited License State
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Family Dollar & Greenlight Dispensary asset located in Park City, IL (“The Property”). The Property consists of a 14,868-square-foot, multi-tenant retail building that sits on approximately 2.0-acres of land. The Property is strategically positioned immediately east of Skokie Highway, at the southwest corner of Belvidere Road and Knight Avenue. The Property is 100% leased to Family Dollar, Greenlight Dispensary, and Buddy’s Cafe & Smoke Shop, which all operate under passive net leases with limited landlord responsibilities. See lease abstract for full details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,868 SF
Building Class
C
Year Built
1991
Price
$3,203,532 CAD
Price Per SF
$215.46 CAD
Cap Rate
11.19%
NOI
$358,326 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.00 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Numbers | Improvements Assessment | $387,806 CAD | |
| Land Assessment | $218,841 CAD | Total Assessment | $606,648 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$218,841 CAD
Improvements Assessment
$387,806 CAD
Total Assessment
$606,648 CAD
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