5120 50 Avenue
Olds T4H 1A5
MLS® Number: A2216460
$ 960,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1977
YEAR BUILT
Excellent commercial investment opportunity located in the heart of Uptown Olds. This 2,728 sq ft standalone building is fully leased to a long-standing physiotherapy clinic that has been in business for over 20 years. They have recently signed a new 10-year lease. The lease is complete with rent escalation in 5 years, and is a full Triple Net (NNN) agreement, has the tenant responsible for all property expenses, including taxes, insurance, and maintenance, making this a low-risk, hands-off investment for the new owner. The interior is clean, bright, and exceptionally well-maintained, featuring five private treatment rooms, an office, file storage, a reception area, a comfortable waiting space, a large exercise area with two additional treatment spaces, two bathrooms (one with a shower), and a laundry room. The building was constructed in 1977 on a slab-on-grade foundation with masonry walls and is heated by two newer forced-air furnaces with central air conditioning for comfort. The property enjoys excellent exposure, with east-facing frontage and a south-facing side allowing bright, natural southeast sunlight throughout the day. Situated in a walkable and professional area of Uptown Olds, this property is ideally located for continued use in the health services sector. Current lease rates are $21.00 per square foot for years 1–5 and $23.00 per square foot for years 6–10, with an average net operating income of approximately $60,016 per year. A great opportunity to acquire a turn-key investment with a proven tenant and reliable long-term cash flow.
COMMUNITY | |
PROPERTY TYPE | Office |
BUILDING TYPE | Other |
STYLE | N/A |
YEAR BUILT | 1977 |
SQUARE FOOTAGE | 0 |
BEDROOMS | 0 |
BATHROOMS | 0 |
BASEMENT | |
AMENITIES | |
APPLIANCES | |
COOLING | Central Air |
FIREPLACE | N/A |
FLOORING | Carpet, Tile |
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 | Fee Simple |
BROKER | CIR Realty |
ROOMS | DIMENSIONS (m) | LEVEL |
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