Xpress Wellness Urgent Care | For Sale
$2,051,000
2501 N 14th Street, Ponca City, OK 74601
For Sale
Office
Medical
Pending
Last Updated: 09/21/2021
6.75
Cap Rate
138,435
NOI
Details:
Cap Rate: 6.75%
NOI: $138,435
Building Size: 3,750 sqft
Lot Area: 0.52 acres
Lease Type: Absolute Net
Year Built: 2020
Price Per Sqft: $546.93
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Brand New Construction Xpress Wellness Urgent Care
- 15 Year Absolute Triple Net Lease With Zero Landlord Responsibilities and Three (5) Year Option Periods With 1.25% Annual Rental Increases Beginning Year 3
- Corporate Guarantee From Xpress Wellness Holdings, LLC
- Xpress Wellness Urgent Care is the Largest Urgent Care Operator in Secondary Markets in Oklahoma With Recent Expansion Into the Kansas Market
- Founded in 2014, Xpress Wellness Currently Has 19 Locations Across Oklahoma and Kansas With Plans to Open 14 Additional Clinics in 2020
- Xpress Wellness is Open 7 Days a Week Offering In-Network Providers, Online Check-In, Virtual Visits, Including Telemedicine and Ready to Treat Non-Life-Threatening Injuries and Illnesses
- In November 2018, Latticework Capital Management, a Dallas Based Private Equity Group, Partnered With Xpress Wellness Urgent Care Resulting in Additional Capital For Continued Growth For the Concept, Read More Here
- Latticework Capital Management Has Broad Experience Across the Healthcare Ecosystem Having Completed Over 85 Transactions Across a Diverse Array of Healthcare Subsectors Representing Over $1.5 Billion of Equity Investments
- Virtual Visits, Including Telemedicine, Quickly and Proficiently Expand the Xpress Wellness Operating Model Beyond Traditional Brick and Mortar
- Service Lines Capture a Wide Range of Patients From Urgent Care, Primary Care, Occupational Medicine and Workers Comp
- Presence Within Smaller Communities Makes Xpress Wellness a Rising Independent Provider in Rural Markets
- First Urgent Care in Oklahoma to Be Accredited By UCA – Recapitalized With Institutional Partner For Continued Expansion
- “Retailization” of Healthcare – Retail Focused Model Maximizes Patient Convenience and Comfort and Creates Synergies With Nearby Tenants
- Dense Population of 27,072 People Making an Average Household Income of $64,026 Within a 5-Mile Radius
- Neighboring Tenants Include: Aaron’s, Ponca City Discount Foods, Dollar Tree, Walgreen’s, Staples, Planet Fitness, KFC, Pizza Hut, Arby’s and Sonic Drive-In
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,750 SF Xpress Wellness Urgent Care at 2501 N 14th Street in Ponca City, Oklahoma. This Opportunity Includes a Brand-New Construction on an Absolute Triple Net Lease, Providing For a Unique Investment.
In Cooperation With Commercial Oklahoma, Inc.
BoR: Matt Weiss – Lic. #176169
Documents:
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Offering Memorandum |
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