Real estate on your terms®
$799,000
active
5120 50 Avenue
Olds
,
AB
T4H1A5
Key Details
- MLS® Number:
- A2265377
- Building Type:
- Offices
- Interior Size:
- 2703 square feet
Property Description
Here’s your chance to own a fully leased, stand-alone 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 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. Solid tenant already in place with a long lease, and positive cash flow. (id:53430)
Building
- Property Type:
- Offices
- Building Type:
- Offices
- Year Built:
- 1977
Finished Areas
- Interior Size (Total):
- 2703 square feet
- Above Grade:
- 2703 square feet
Lot / Land
- Lot Features:
- Back lane, Level
Exterior
- Exterior Features:
- Brick
- Foundation:
- Poured Concrete
Utilities & Mechanical
- Heating:
- Forced air, Natural gas, Central heating
- Cooling:
- Central air conditioning
- Electrical:
- 100 Amp Service
- Utilities:
- Water, Sewer, Natural Gas, Electricity, Cable, Telephone
- Water Source:
- Municipal water
Fees & Dates
- Property Taxes:
- $4,037
- Tax Year:
- 2024
- Last Modified:
- 08/11/2026 03:50:01 PM
- Status Change:
- 08/11/2026 03:40:50 PM
Lease & Income
- Lease Type:
- Triple Net
Location
Data is supplied by Pillar 9 MLS® System. Pillar 9 is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9.
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