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3650 Sage Hill Dr NW 5,700 SF 100% Leased Retail Building Calgary, AB T3R 1J1 $3,800,000 CAD ($666.67 CAD/SF) 6% Cap Rate
EXECUTIVE SUMMARY
This fully leased plaza presents an attractive investment opportunity with a 10-year triple net lease (NNN) term and a 6% cap rate. In a triple net lease, the tenant is responsible for property expenses, including insurance, maintenance, and property taxes, in addition to the rent. The 6% 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
$3,800,000 CAD
Price Per SF
$666.67 CAD
Cap Rate
6%
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
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3650 Sage Hill Dr NW
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