David Doyle
(403) 507-0184
CIR Realty
403-271-0600
5120 50 Avenue
Olds , Alberta T4H 1A5
Olds , Alberta T4H 1A5
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5120 50 Avenue For Sale
$960,000
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.
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
7
7
Zoning
C1
C1
Subdivision
NONE
NONE
Building Type
See Remarks
See Remarks
Year Built
1977
1977
Structure Type
Other
Other
Property Type
Commercial
Commercial
Property Sub Type
Office
Office
Legal Plan
868E
868E
Building Area (Sq. Ft.)
2728.00
2728.00
Building Area (Sq. M.)
253.44
253.44
Footprint (Sq. Ft.)
2728
2728
Construction Type
Brick,Masonite
Brick,Masonite
Roof
Flat Torch Membrane,Flat,Tar/Gravel
Flat Torch Membrane,Flat,Tar/Gravel
Foundation
Poured Concrete
Poured Concrete
Electric
150 Amp Service
150 Amp Service
Cooling
Central Air
Central Air
Heating
Central,Forced Air,Natural Gas
Central,Forced Air,Natural Gas
Lot Features
Back Lane,City Lot,Corner Lot,Level,Paved,Street Lighting
Back Lane,City Lot,Corner Lot,Level,Paved,Street Lighting
Commercial Amenities
Laundry Facility,Lunchroom,Parking-Extra,Shower,Storefront
Laundry Facility,Lunchroom,Parking-Extra,Shower,Storefront
Access to Property
Back Alley Access,Front and Rear Drive access,Major Shopping Nearby,Paved Road,Public
Back Alley Access,Front and Rear Drive access,Major Shopping Nearby,Paved Road,Public
Inclusions
N/A
N/A
Restrictions
None Known
None Known
Reports
Floor Plans,Title
Floor Plans,Title