About 5120 50 Avenue
**JUST REDUCED**Here’s your chance to own a fully leased, non condo 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 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 average 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:6289)
More Info on this Offices MLS® listing
5120 50 Avenue is an offices listing for sale in Olds. The MLS® number is A2349806. It was built in 1977 and covers 2,703 square feet. It's currently listed for $749,900. For more details on MLS® A2349806, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This offices listing in Olds is available now!
Selling your Offices property?
Have a similar home to 5120 50 Avenue? If you’re thinking about selling your Olds offices property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Olds property.
