Dione Irwin Phone: 403-970-9424 Email: [email protected]
For questions about government programs and investing in Alberta Email: [email protected]
Overview

**JUST REDUCED**Here’s your chance to own a fully leased, non condo commercial property right in the vibrant core of Uptown Olds. Spanning 2703 sq ft, this solid masonry building has been home to a trusted physiotherapy clinic for over two decades. The tenant recently committed to a brand-new 10-year Triple Net lease—complete with a rent increase at the halfway mark—meaning they cover all operating costs, including taxes, insurance, and maintenance. For you, that translates into a dependable, low-maintenance income stream. Inside, the space is bright, welcoming, and impressively well-kept. The layout includes five private treatment rooms, a large open exercise area with two additional treatment spaces, a professional reception and waiting area, an office, file storage, two washrooms (one with a shower), and a laundry room. Comfort is ensured with three forced-air furnaces and central air conditioning that have been regularly maintained. Built on a slab-on-grade foundation, the property benefits from excellent natural light thanks to its east-facing front and sunny south exposure. The location offers great visibility and is surrounded by other professional services, all within a walkable district. Current lease terms are $21.00/sq ft for years 1–5 and $23.00/sq ft for years 6–10, producing an average net operating income average of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential. Solid tenant already in place with a long lease, and positive cash flow.

Details
Available Space: 2703ft²
Price: $749,900
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
  • Didsbury District Health Services - 14.39 km
  • Innisfail Health Centre - 27.58 km
  • Myron Thompson Health Centre - 36.55 km
  • Red Deer Regional Hospital Centre - 55.97 km
Nearest airports:
  • Regional: Red Deer Regional Airport - 45.96km
  • International: Calgary International Airport - 75.03km
Nearest powerlines:
  • AltaLink - 443L 138kv - 3.52 km
Nearest substations:
  • OLDS - 55S , AltaLink - 3.24 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
International
Regional
Local
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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