Xpress Wellness Urgent Care | Absolute Triple Net Lease
$2,013,000
340 South George Nigh Expressway, McAlester, OK 74501
For Sale
Office
Medical
Active
Last Updated: 06/01/2021
6.65
Cap Rate
133,860
NOI
Details:
Cap Rate: 6.65%
NOI: $133,860
Building Size: 3,600 sqft
Lot Area: 0.54 acres
Lease Type: Absolute Net
Year Built: 2020
Price Per Sqft: $559.16
Highlights:
- Brand new construction Xpress Wellness Urgent Care
- Absolute Triple Net (NNN) Lease with zero landlord responsibilities - Three (5) year option periods and 1.25% annual rental increases beginning year 3.
- Corporate guarantee from Xpress Wellness Holdings, LLC.
- Located directly on S George Nigh Expressway with an average of 27,298 VPD
- 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.
- 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 over 19 locations across Oklahoma and Kansas with plans to develop additional clinics in 2021.
- Virtual visits, including telemedicine, quickly and proficiently expand the Xpress Wellness operating model beyond traditional brick and mortar.
- 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;
- 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.
- Service Lines Capture a wide range of patients from urgent care, primary care, occupational medicine and workers comp.
- “Retailization” of healthcare - Retail focused model maximizes patient convenience and comfort and creates synergies with nearby tenants.
- Presence within smaller communities makes Xpress wellness a rising independent provider in rural markets.
- Neighboring tenants include : Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co, Hibbett Sports, Discount Wheel & Tire, Murphy USA, Exxon, Valero, Goodwill, PetSense , Taco Bell, Arby’s, Pizza Hut, Wendy’s and many more.
Description:
Sands Investment Group is Pleased to Present Exclusively For Sale the 3,600 SF Xpress Wellness Urgent Care Located at 340 S George Nigh Expressway in McAlester, OK. This Deal Includes a Brand New Construction, Providing For a Unique Investment.
Documents:
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Offering Memorandum
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