Olds, AB T4H1A5 5120 50 Avenue
$899,900



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Presented By: RE/MAX House of Real Estate
Home Details
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. (id:7434)
Presented By: RE/MAX House of Real Estate
Interior Features for 5120 50 Avenue
Bedrooms
Bedrooms
Other Interior Features
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeCentral heating, Forced air
Living Area Range2537
General for 5120 50 Avenue
Building Cooling TypeCentral air conditioning
Building TypeOffices
FeaturesBack lane, Level
Foundation TypePoured Concrete
Property TypeBusiness
Road TypePaved road
Zoning DescriptionC1
Exterior for 5120 50 Avenue
Exterior FinishBrick
SewerMunicipal sewage system
Additional Details

Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty