Here’s your chance to own a fully leased, stand-alone commercial property right in the vibrant core of Uptown Olds. Spanning 2,537 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 two newer forced-air furnaces and central air conditioning.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. (id:54406)
| 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 | 2537.25 Sqft |
| Size Interior | 2537 Sqft | Total Finished Area | 2537.25 Sqft |
| Type | Offices | Utility Power | 100 Amp Service |
| Utility Water | Municipal Water |
| Acreage | No | Sewer | Municipal Sewage System |
| Size Total Text | Unknown | Zoning Description | C1 |
| Cable | Connected | Electricity | Connected |
| Natural Gas | Available | Telephone | Connected |
| Sewer | Connected | Water | Connected |
