Family Dollar, Greenlight Dispensary & Buddy’s Café | 100% Occupied Multi-Tenant Retail | Chicago MSA (Lake County) | 9.65% Cap Rate

3331 Belvidere Rd, Park City, IL 60085

Executive Summary

This 14,868-square-foot retail buildingsits on two acres of prime commercial land at the southwest corner of Belvidere Road and Knight Avenue, immediately east of Skokie Highway. The property is 100% occupied by a diverse tenant mix combining national credit, regional cannabis, and local service operators, providing stable cash flow and tenant synergy in a high-demand retail corridor. The tenants — Family Dollar, Greenlight Dispensary, and Buddy’s Café & Smoke Shop — operate under passive net leases, offering investors hands-off ownership with limited management obligations.

This asset benefits from its location in Lake County (Chicago MSA), a non-Cook County submarket known for favorable taxes, dense population, and expanding retail growth. The area’s strong demographics, steady vehicle counts, and proximity to major highways create consistent customer traffic and sustained tenant performance. The Greenlight Dispensary adds a strong cannabis retail component to the mix, operating in Illinois’ limited-license cannabis market, where supply constraints continue to support premium retail performance. This combination of national, regional, and local tenants positions the property as a high-yield, resilient investment in one of the Midwest’s most desirable suburban markets.

Opportunity Details

• Property Type: Retail

• Subtype: Convenience Store / Storefront / Multi-Tenant

• Investment Type: Net Lease (Passive)

• Tenants: Family Dollar, Greenlight Dispensary, Buddy’s Café & Smoke Shop

• Number of Tenants: 3

• Total Building Size: 14,868 SF

• Lot Size: 2.0 Acres

• Occupancy: 100%

• Lease Term Remaining: 4 Years (Weighted Average)

• Cap Rate: 9.65%

• NOI: $249,186

• Lease Type: Net Leases (Limited Landlord Responsibility)

• Year Built: 1991

• Renovated: 2019

• Ownership: Fee Simple

• Zoning: Commercial

• Asking Price: $2,582,238