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3331 Belvidere Rd
Waukegan, IL 60085

Family Dollar & Greenlight Dispensary · Retail Property For Sale

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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

Year Built/Renovated

1991/2019

Price

£2,438,810

Price Per SF

£164

Net Initial Yield

NOI

£195,104

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.17

Lot Size

2.00 AC

Opportunity Zone

Yes

PROPERTY TAXES

Parcel Numbers	Multiple 08-30-301-006 08-30-301-007	Improvements Assessment	£213,568
Land Assessment	£120,517	Total Assessment	£334,085

PROPERTY TAXES

Parcel Numbers

Multiple

08-30-301-006
08-30-301-007

Land Assessment

£120,517

Improvements Assessment

£213,568

Total Assessment

£334,085

Listing ID: 33935945
Date on Market: 20/11/2024
Last Updated:
Address: 3331 Belvidere Rd, Waukegan, IL 60085

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