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3650 Sage Hill Dr NW

5,700 SF 100% Leased Retail Building Calgary, AB T3R 1J1 $3,800,000 CAD ($667 CAD/SF) 6% Cap Rate

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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.

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