Park City, Illinois

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

📊 Investment Highlights

• Asking Price: $2,582,238

• Cap Rate: 9.65%

• Net Operating Income (NOI): $249,186

• Property Size: 14,868 SF

• Lot Size: 2.0 Acres

• Occupancy: 100% (Fully Leased)

• Tenants:

  • Family Dollar (National Credit Tenant)

  • Greenlight Dispensary (Expanding Multi-State Cannabis Operator)

  • Buddy’s Café & Smoke Shop (Local Retail Operator)

• Lease Type: Passive Net Leases (Limited Landlord Responsibilities)

• Remaining Lease Term: 4 Years (Weighted Average)

• Investment Type: Net Lease / Income Property

• Year Built: 1991 | Renovated 2019

• Zoning: Commercial / Retail Corridor

• Traffic: High Visibility near Skokie Highway & Belvidere Road Intersection

• Tenancy: Multi-Tenant Retail (3 Tenants)

• Location: Lake County, IL (Outside Cook County) — within Chicago MSA

• Submarket: High-traffic, limited-competition retail node

🧾 Executive Summary

Northmarq is pleased to present the Family Dollar & Greenlight Dispensary Center, a fully leased, multi-tenant retail investment strategically located in Park City, Illinois, just north of Chicago. 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.

🏢 Property Overview

• 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

📍 Location Advantage

Positioned in Park City, Illinois, within the Chicago Metropolitan Area, the property benefits from exceptional visibility and access along Belvidere Road (Route 120) and Skokie Highway (Route 41)—a major retail and commuter corridor serving Lake County’s growing population base. The intersection’s high daily traffic volumes drive steady customer exposure for tenants, while its proximity to Waukegan, Gurnee, and Libertyville strengthens regional connectivity.

The Lake County location—outside of Cook County’s higher tax structure—offers investors favorable economics and lower operational risk. Combined with Illinois’ expanding cannabis retail market and limited license availability, the inclusion of Greenlight Dispensary provides added upside potential and long-term stability in a sector demonstrating strong year-over-year growth.

This is an opportunity to acquire a fully leased, income-generating retail asset with diversified tenants, strong fundamentals, and hands-off management in a high-traffic Chicago suburb with continuing economic expansion.