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3650 Sage Hill Dr NW 5,700 SF 100% Leased Retail Building Calgary, AB T3R 1J1 $4,100,000 CAD ($719.30 CAD/SF) 5.56% Cap Rate
Executive Summary
This fully leased plaza presents an attractive investment opportunity with a 10-year triple net lease (NNN) term. In a triple net lease, the tenant is responsible for property expenses, including insurance, maintenance, and property taxes, in addition to the rent. The cap rate indicates the annual return on investment based on the property's net operating income. With the security of long-term tenants and minimal landlord responsibilities, this property could offer steady income and potentially appreciate over time, making it a compelling addition to any real estate portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
5,700 SF
Building Class
B
Year Built
2024
Price
$4,100,000 CAD
Price Per SF
$719.30 CAD
Cap Rate
5.56%
NOI
$228,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
18.21 AC
Zoning
DC - RETAIL
Amenities
- Bus Line
- Security System
- Signage
- Recessed Lighting
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
1 of 2
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3650 Sage Hill Dr NW
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