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Xpress Wellness Urgent Care | For Sale

$2,051,000

2501 N 14th Street, Ponca City, OK 74601

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

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