5120 50 AVE

**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.