Log In/Sign Up
Your email has been sent.
Xpress Wellness Urgent Care 1817 E Arlington St 3,471 SF Office Building Ada, OK 74820 $2,300,000 ($662.63/SF) 6.85% Cap Rate
Investment Highlights
- Over 9 years remaining on an absolute net lease featuring 1.25% annual rental increases
- 2021 construction to tenant’s latest prototype
- $87,000 average household incomes within a 1-mile radius of the subject property
- Full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness (see below)
- In May 2024, Goldman Sachs Alternatives (NYSE: GS) purchased Xpress Wellness from Lattice Capital Management
- Adjacent to the subject property is Arlington Center, a 144,000 SF shopping center anchored by Hobby Lobby with 1.1 million visitors annually
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Building Size
3,471 SF
Building Class
B
Year Built
2021
Price
$2,300,000
Price Per SF
$662.63
Cap Rate
6.85%
NOI
$157,528
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,471 SF
Building FAR
0.15
Lot Size
0.54 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $35,280 | Total Assessment | $35,280 |
Property Taxes
Parcel Numbers
Land Assessment
$35,280
Improvements Assessment
$0
Total Assessment
$35,280
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
