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3650 Sage Hill Dr NW 5,700 sq ft 100% Let Retail Property Calgary, AB T3R 1J1 £2,057,325 (£360.93/sq ft) 6% Net Initial Yield
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
Child Care Centres / Nursery
Property Size
5,700 sq ft
Costar Property Class
B
Year Built
2024
Price
£2,057,325
Price per sq ft
£360.93
Yield
6%
NOI
£123,439
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.01
Total Plot Size
18.21 ac
Use Class
DC - RETAIL
AMENITIES
- Bus Route
- 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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