MLS® A2349806 · Active
5120 50 Avenue
Olds, Alberta
$749,900
Source-listed price. Confirm sale or lease terms and availability.
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Property details
- MLS®
- A2349806
- Status
- Active
- Property type
- Business
- City
- Olds
- Year built
- 1977
- Living area
- 2703 square feet
- Listing brokerage
- The Real Estate District
About this property
**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:65883)
Location
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Listing information provided through CREA DDF®. Listing courtesy of The Real Estate District. Source attribution · REALTOR.ca
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