5120 50 Avenue, Olds, Alberta T4H 1A5 (29006654)
5120 50 Avenue Olds, Alberta T4H 1A5
$899,900
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:50955)
Business
| Business Type | Other, Personal Services |
| Business Sub Type | Professional office(s), Health Centre |
Property Details
| MLS® Number | A2265377 |
| Property Type | Business |
| Communication Type | Fiber |
| Features | Back Lane, Level |
| Plan | 868e |
| Road Type | Paved Road |
Building
| Amperage | 100 Amp Service |
| Constructed Date | 1977 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Central Heating, Forced Air |
| Size Exterior | 2703 Sqft |
| Size Interior | 2,703 Ft2 |
| Total Finished Area | 2703 Sqft |
| Type | Offices |
| Utility Power | 100 Amp Service |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | Unknown |
| Zoning Description | C1 |
Utilities
| Cable | Connected |
| Electricity | Connected |
| Natural Gas | Available |
| Telephone | Connected |
| Sewer | Connected |
| Water | Connected |
https://www.realtor.ca/real-estate/29006654/5120-50-avenue-olds
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March 02 2026 08:21:29
Calgary Real Estate Board
The Real Estate District
