David Doyle Phone: 403-507-0184 Email: [email protected]
For questions about government programs and investing in Alberta Email: [email protected]
Overview

Excellent commercial investment opportunity located in the heart of Uptown Olds. This 2,728 sq ft standalone building is fully leased to a long-standing physiotherapy clinic that has been in business for over 20 years. They have recently signed a new 10-year lease. The lease is complete with rent escalation in 5 years, and is a full Triple Net (NNN) agreement, has the tenant responsible for all property expenses, including taxes, insurance, and maintenance, making this a low-risk, hands-off investment for the new owner. The interior is clean, bright, and exceptionally well-maintained, featuring five private treatment rooms, an office, file storage, a reception area, a comfortable waiting space, a large exercise area with two additional treatment spaces, two bathrooms (one with a shower), and a laundry room. The building was constructed in 1977 on a slab-on-grade foundation with masonry walls and is heated by two newer forced-air furnaces with central air conditioning for comfort. The property enjoys excellent exposure, with east-facing frontage and a south-facing side allowing bright, natural southeast sunlight throughout the day. Situated in a walkable and professional area of Uptown Olds, this property is ideally located for continued use in the health services sector. Current lease rates are $21.00 per square foot for years 1–5 and $23.00 per square foot for years 6–10, with an average net operating income of approximately $60,016 per year. A great opportunity to acquire a turn-key investment with a proven tenant and reliable long-term cash flow.

Details
Available Space: 2728ft²
Price: $960,000
Location Street Address: 5120 50 Avenue
Space Year Built: 1977
Property Types: Office
Infrastructure Details
Note: distances are in straight line, rather than driving distances
Nearest highways:
  • Highway 27 - Less than 1 km (High Load Corridor)
  • Highway 2A - Less than 1 km (High Load Corridor)
  • Highway 2 - 5.57 km (High Load Corridor)
  • Highway 582 - 14.08 km
  • Highway 587 - 16.71 km
Nearest hospital:
  • Olds Hospital and Care Centre - 1.48 km
Nearest airports:
  • Regional: Red Deer Regional Airport - 45.52km
  • International: Calgary International Airport - 73.76km
Nearest powerlines:
  • AltaLink - 443L 138kv - 3.52 km
Nearest substations:
  • OLDS - 55S , AltaLink - 3.24 km
Nearest irrigation systems:
  • Within 74.74 km
Nearest railways:
  • Canadian Pacific, Class : Main - 0.09 km
Nearest gas franchise area:
  • ATCO Gas - Town Of Olds
Nearest Power Plant:
  • Benalto 1 (VBN1), Versorium Energy Ltd. - 4.67 km
    Simple Cycle, 5 MW
Fibre Internet Availability:
  • Ready/Available
  • Availability is estimated. Contact an internet service provider for more information.
Nearest Rail Terminals
Type Name Operated By Types of Products Shipped Distance
Grain CP Olds (HTPE) Richardson Pioneer
  • Grain
3.07 KM
Grain CP Bowden Paterson Grain
  • Grain
17.36 KM
Grain CP Wessex Viterra
  • Grain
33.71 KM
Transload CP Penhold Custom Bulk Services
  • Steel
  • frac sand
  • bulk
  • grain
41.45 KM
Yard CP Red Deer Yard Canadian Pacific
58.27 KM
Highways
Airports
Railways
Rail Stations
Powerlines
Substations
Irrigation
Community Economic Highlights: Olds, AB
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Olds is home to Olds College, which offers industry demand-driven programming with an intensive focus on agriculture and technology.
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Olds has higher network speeds compared to other municipalities in Alberta.
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Olds is 1.43km from CP Olds (HTPE) rail terminal
Community Economic Details: Olds, AB
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See Regional Profile
Site Data Provided by: Pillar9 ™
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