5120 50 Avenue, Olds

Commercial Property for Sale

5120 50 Avenue, Olds, MLS® # A2216460
  • MLS®#: A2216460
  • Price: $960,000
  • Parking: 8
  • Status: Active
  • Year Built: 1977
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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.

Contact Dan Salloum About MLS® A2216460

Required Field

Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4

property information

  • Property Type: Commercial Property
  • MLS®#: A2216460
  • Year Built: 1977
  • Lot Shape: Back Lane,City Lot,Corner Lot,Level,Paved,Street Lighting
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Community Information

  • Address: 5120 50 Avenue
  • Neighbourhood: Olds
  • City: Olds
  • Postal Code: T4H 1A5
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interior

  • Included: N/A
  • Fireplace Details: For Sale
  • Floor Finish: Carpet, Tile
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exterior

  • Exterior Features: Back Lane, City Lot, Corner Lot, Level, Paved, Street Lighting
  • Exterior Finish: Brick, Masonite
  • Construction: Brick,Masonite
  • Roof: Flat Torch Membrane,Flat,Tar/Gravel
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services & amenities

  • Parking: (8 Total Parking Spaces)
  • Heating: Central,Forced Air,Natural Gas
  • Heating: Central, Forced Air, Natural Gas
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$960,000

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Listing Courtesy of
CIR Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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