Xpress Wellness Urgent Care
$2,300,000
1817 East Arlington Street, Ada, OK 74820
6.85
Cap Rate
157,528
NOI
Details:
Highlights:
- Solid Lease Fundamentals: Over 9 years remaining on an absolute net lease featuring 1.25% annual rental increases
- Strong Corporate Backing: Full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness (see below)
- Build-To-Suit Building: 2021 construction to tenant’s latest prototype
- Credit Enhancement: In May 2024, Goldman Sachs Alternatives (NYSE: GS) purchased Xpress Wellness from Lattice Capital Management
- Affluent Demographics: $87,000 average household incomes within a 1-mile radius of the subject property
- Arlington Center: Adjacent to the subject property is Arlington Center, a 144,000 SF shopping center anchored by Hobby Lobby with 1.1 million visitors annually
- 9+ years remain in the base term of this absolute net lease that features 1.25% annual rental increases and a full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness. In May 2024, Xpress Wellness was purchased by Goldman Sachs Alternatives (NYSE: GS), one of the leading investors in alternatives globally with over $450 billion in assets and over 30 years of experience. The subject property is strategically positioned along E. Arlington Street (SH-1), one of Ada’s primary commercial arterials, immediately east of the city’s busiest intersection at Mississippi Avenue (US-377/SH-99). Surrounded by established medical, financial, and retail users, the property benefits from exceptional visibility, strong consumer traffic, and convenient access within the immediate trade area.
- East Central University: Subject property is just one mile from East Central University, home to over 4,000 enrolled students (see Page 16)
Description:
9+ years remain in the base term of this absolute net lease that features 1.25% annual rental increases and a full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness. In May 2024, Xpress Wellness was purchased by Goldman Sachs Alternatives (NYSE: GS), one of the leading investors in alternatives globally with over $450 billion in assets and over 30 years of experience.
The subject property is strategically positioned along E. Arlington Street (SH-1), one of Ada’s primary commercial arterials, immediately east of the city’s busiest intersection at Mississippi Avenue (US-377/SH-99). Surrounded by established medical, financial, and retail users, the property benefits from exceptional visibility, strong consumer traffic, and convenient access within the immediate trade area.
Documents:
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XpressWellnessUrgentCare_AdaOK.pdf
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Location
Gallery