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For Lease · Retail

#1, 7483 50 Avenue, Red Deer

#1, 7483 50 Avenue, Red Deer, AB T4P1M5

$19 Monthly

2,100 SF

Asset Class

Retail

Size

2,100 SF

Building class

B

Zoning

CSC — Shopping Centre

$ / SF

$0

Occupancy

86%

Year Built

1976

Lot Size

1.37 ac

About this property

Situated on 50th Avenue (Gaetz Avenue) in Red Deer’s established commercial/industrial corridor (Northlands Industrial Park area). Features Three (3) total overhead doors 14x12, one drive through bay for efficient vehicle/equipment flow, recently upgraded office space. This is one of the city’s highest-traffic routes with excellent visibility and easy access to major arteries. Frontage and access support customer traffic, deliveries, and equipment movement. Ample surrounding commercial activity provides strong exposure for service-oriented or retail-adjacent operations. Perfect for Warehouse, light industrial, automotive service, contractor shop, distribution, trade business, or flex/showroom. NNN is included in the lease rate as well as water/sewer. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$19
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.38%

DSCR

0.82

Going-in cap

4.53%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy1,061 SF2034-05
Lakeview Physiotherapy736 SF2034-05

Area demographics

Trade area within 3 miles of the property.

Population

72,691

Households

30,747

Median income

$119,500

Median age

36.5

Daytime population

71,289

5-yr growth

8.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for #1, 7483 50 Avenue, Red Deer.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.