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Xpress Wellness Urgent Care 220 S Van Buren St 4,278 SF Office Building Enid, OK 73703 $2,206,000 ($515.66/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Early Lease Extension in 2017 | 7+ Years Remaining (Demonstrates Tenant’s Commitment to the Location)
- One of the First Build-to-Suit Clinics for the Brand in 2014 (Absolute Net Lease | Passive Ownership Structure)
- Strategically Located Less than a Mile From Two Hospitals (INTEGRIS Health Enid Hospital – 183 Beds, St. Mary's Regional Medical Center – 229 Beds)
- Attractive CPI Increases Every Two Years (Dallas-Ft. Worth Index) (Allows for Profitable Exit Before Lease Renewal)
- Goldman Sach’s Alternatives Acquired Xpress Wellness in 2024 (Top 10 Investment Banks in the World, Xpress Wellness has 70+ Locations & Growing)
EXECUTIVE SUMMARY
The early lease extension in 2017, along with more than seven years remaining on the term, demonstrates the tenant’s strong commitment to this location. There are attractive CPI increases every two years, based on the Dallas–Fort Worth Index, which allow for a profitable exit before the lease renewal. This property was one of the first build-to-suit clinics for the brand in 2014 and features an absolute net lease, offering a passive ownership structure. Goldman Sachs Alternatives acquired Xpress Wellness in 2024. As one of the top ten investment banks in the world, Goldman Sachs brings significant credibility to the tenant. Xpress Wellness currently operates more than 70 locations and continues to grow. The property is strategically located less than a mile from two major hospitals: INTEGRIS Health Enid Hospital, which has 183 beds, and St. Mary’s Regional Medical Center, which has 229 beds. This makes the clinic an accessible alternative for non-emergency care.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,278 SF
Building Class
C
Year Built
2014
Price
$2,206,000
Price Per SF
$515.66
Cap Rate
7.25%
NOI
$159,922
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,278 SF
Building FAR
0.20
Lot Size
0.49 AC
Opportunity Zone
Yes
Parking
24 Spaces (5.61 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 4920-00-016-019-0-138-00 | Improvements Assessment | $83,114 |
| Land Assessment | $20,110 | Total Assessment | $103,224 |
PROPERTY TAXES
Parcel Number
4920-00-016-019-0-138-00
Land Assessment
$20,110
Improvements Assessment
$83,114
Total Assessment
$103,224
CONTACTS
-
Giovanni Figueiredo -
Scott Gould -
Christopher Biuso -
Rory Shelby -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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Xpress Wellness Urgent Care | 220 S Van Buren St
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