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44765 W Hathaway Ave 3,448 SF Retail Building Maricopa, AZ 85139 $3,927,217 CAD ($1,138.98 CAD/SF) 6% Cap Rate
Investment Highlights
- PRIME RETAIL CORRIDOR
- MASTER PLANNED COMMUNITY
- AFFLUENT & GROWING CONSUMER BASE
- HIGH-GROWTH MARKET
Executive Summary
NET LEASE | 10 YEAR LEASE
A 10-year initial lease term provides investors with extended cash flow visibility
and significant downside protection against re-leasing risk in an uncertain market
environment.
RENT INCREASES | 2.5% ANNUAL INCREASES
Annual rent escalations of 2.5% provide a reliable hedge against inflation while
steadily compounding NOI growth over the hold period.
RECENTLY ACQUIRED
Recently acquired by Somnigroup International (NYSE: SGI), a publicly traded,
nationally recognized operator providing investors with a covenant-backed
income stream underpinned by institutional-grade credit.
CORPORATE GUARANTEE
The lease is backed by a full corporate guarantee from Somnigroup International
(NYSE: SGI), providing investors with direct recourse to a publicly traded balance
sheet.
A 10-year initial lease term provides investors with extended cash flow visibility
and significant downside protection against re-leasing risk in an uncertain market
environment.
RENT INCREASES | 2.5% ANNUAL INCREASES
Annual rent escalations of 2.5% provide a reliable hedge against inflation while
steadily compounding NOI growth over the hold period.
RECENTLY ACQUIRED
Recently acquired by Somnigroup International (NYSE: SGI), a publicly traded,
nationally recognized operator providing investors with a covenant-backed
income stream underpinned by institutional-grade credit.
CORPORATE GUARANTEE
The lease is backed by a full corporate guarantee from Somnigroup International
(NYSE: SGI), providing investors with direct recourse to a publicly traded balance
sheet.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,448 SF
Building Class
C
Year Built/Renovated
1999/2026
Price
$3,927,217 CAD
Price Per SF
$1,138.98 CAD
Cap Rate
6%
NOI
$235,633 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.33 AC
Zoning
CB-2 - General Business District
Parking
18 Spaces
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 510-19-050 | Improvements Assessment | $401,994 CAD |
| Land Assessment | $124,451 CAD | Total Assessment | $526,445 CAD |
Property Taxes
Parcel Number
510-19-050
Land Assessment
$124,451 CAD
Improvements Assessment
$401,994 CAD
Total Assessment
$526,445 CAD
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44765 W Hathaway Ave
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