This paper is focused on providing the analytical framework for the quantification and evaluation of the joint effect of misalignment fading and hardware imperfections in the presence of multipath fading at terahertz (THz) wireless fiber extenders. In this context, we present the appropriate system model that incorporates the different operation, design, and environmental parameters. In more detail, it takes into account the transceivers antenna gains, the operation frequency, the distance between the transmitter (TX) and the receiver (RX), the environmental conditions, i.e., temperature, humidity, and pressure, the spatial jitter between the TX and RX antennas that results to antennas misalignment, the level of transceivers' hardware imperfections, and the stochastic characteristics of the wireless channel. Based on this model, we analyze and quantify the joint impact of misalignment and multipath fading by providing novel closedform expressions for the probability and cumulative density functions of the composite channel. Moreover, we derive exact closed-form expressions for the outage probability for both cases of ideal and non-ideal radio frequency (RF) front-end. In addition, in order to quantify the detrimental effect of misalignment fading, we analytically obtain the outage probability in the absence of misalignment cases for both cases of ideal and non-ideal RF front-end. In addition, we extract the novel closed-form expressions for the ergodic capacity for the case of the ideal RF front-end and tight upper bounds for both the cases of ideal and non-ideal RF front-end. Finally, an insightful ergodic capacity ceiling for the non-ideal RF front-end case is provided. INDEX TERMS Beyond 5G systems, ergodic capacity, fiber extender, hardware impairments, high frequency communications, misalignment fading, outage probability, performance analysis, terahertz communications, theoretical framework, α-µ fading.