For Sale

5120, 50 Avenue, Alberta, Olds

Beds Bath Sqft

$799,000

About Property

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.

Bedrooms
Bathrooms
sq ft
Garage
OfficeSpace
Built 1977
Active
Floor
Interior Details
Outdoor Details
MLS Number
234613200
Price
$799,000

Bedrooms
Bathroom

Square Footage
sq ft
Property Type
CRE

Community Name
Features
Central,Forced Air,Natural Gas,

Parking Space Total
Lot Size
Bathroom Total
0
Bedrooms Total

Appliances
Brick,Masonite
Cooling Type
Central Air

Constructed Date
1977
Heating Type
Central,Forced Air,Natural Gas

Pool
Exterior Finish

Fireplace Present
No
Fireplace Total

Flooring Type
Foundation Type
Poured Concrete

Half Bath Total
Stories Total

Size Interior
Total Finished Area
Spaces

Details
LEVEL
TYPE
LENGTH
WIDTH
DIMENSIONS

Mr. Amandeep Budhail

Call Us

+1 (403) 470-3527

Website

https://www.crown-realty.ca

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