5120 50 Avenue
Olds T4H 1A5
MLS® Number: A2242696
$ 899,900
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1977
YEAR BUILT
Here’s your chance to own a fully leased, stand-alone commercial property right in the vibrant core of Uptown Olds. Spanning 2,537 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 two newer forced-air furnaces and central air conditioning. Built in 1977 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 of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential.
COMMUNITY | |
PROPERTY TYPE | Office |
BUILDING TYPE | Office |
STYLE | N/A |
YEAR BUILT | 1977 |
SQUARE FOOTAGE | 0 |
BEDROOMS | 0 |
BATHROOMS | 0 |
BASEMENT | |
AMENITIES | |
APPLIANCES | |
COOLING | Central Air |
FIREPLACE | N/A |
FLOORING | |
HEATING | Central, Forced Air, Natural Gas |
LAUNDRY | |
LOT FEATURES | Back Lane, City Lot, Corner Lot, Level, Paved, Street Lighting |
PARKING | |
RESTRICTIONS | None Known |
ROOF | Flat Torch Membrane, Flat, Tar/Gravel |
TITLE | |
BROKER | RE/MAX House of Real Estate |
ROOMS | DIMENSIONS (m) | LEVEL |
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