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Xpress Wellness Urgent Care 411 W 3rd St 4,472 SF Office Building Elk City, OK 73644 $2,689,000 ($601.30/SF) 7.25% Cap Rate
Investment Highlights
- Early Lease Extension in 2017 | 7.5+ Years Remaining ? Demonstrates Tenant’s Commitment to the Location
- 1 st Build-to-Suit Clinic for the Brand in 2014 ? Absolute Net Lease | Passive Ownership Structure
- Strategically Located a Mile From Regional Hospital ? Accessible Alternative for Non-Emergency Care
- Attractive CPI Increases Every Two Years ? Allows for Profitable Exit Before Lease Renewal
- Goldman Sach’s Acquired Xpress Wellness in 2024 ? Top 10 Investment Banks in the World ? Xpress Wellness has 58 Locations & Growing
- Certified Rural Health Clinic | 50% Local Market Share ? Preferential Reimbursement Rates From Medicare and Medicaid
Executive Summary
•Early Lease Extension in 2017 | 7.5+ Years Remaining
-Demonstrates Tenant’s Commitment to the Location
•Attractive CPI Increases Every Two Years
-Allows for Profitable Exit Before Lease Renewal
•1st Build-to-Suit Clinic for the Brand in 2014
-Absolute Net Lease | Passive Ownership Structure
• Goldman Sach’s Acquired Xpress Wellness in 2024
-Top 10 Investment Banks in the World
-Xpress Wellness has 58 Locations & Growing
•Strategically Located a Mile From Regional Hospital
-Accessible Alternative for Non-Emergency Care
•Certified Rural Health Clinic | 50% Local Market Share
-Preferential Reimbursement Rates From Medicare and Medicaid
-Demonstrates Tenant’s Commitment to the Location
•Attractive CPI Increases Every Two Years
-Allows for Profitable Exit Before Lease Renewal
•1st Build-to-Suit Clinic for the Brand in 2014
-Absolute Net Lease | Passive Ownership Structure
• Goldman Sach’s Acquired Xpress Wellness in 2024
-Top 10 Investment Banks in the World
-Xpress Wellness has 58 Locations & Growing
•Strategically Located a Mile From Regional Hospital
-Accessible Alternative for Non-Emergency Care
•Certified Rural Health Clinic | 50% Local Market Share
-Preferential Reimbursement Rates From Medicare and Medicaid
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,472 SF
Building Class
C
Year Built
2014
Price
$2,689,000
Price Per SF
$601.30
Cap Rate
7.25%
NOI
$194,979
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,472 SF
Building FAR
0.18
Lot Size
0.57 AC
Zoning
R1 - Residential
Parking
30 Spaces (6.71 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 0170-00-003-007-0-000-00 | Improvements Assessment | $112,538 |
| Land Assessment | $789 | Total Assessment | $113,327 |
Property Taxes
Parcel Number
0170-00-003-007-0-000-00
Land Assessment
$789
Improvements Assessment
$112,538
Total Assessment
$113,327
Contacts
-
Giovanni Figueiredo -
Scott Gould -
Christopher Biuso -
Spencer Koch -
Marcus & Millichap
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Xpress Wellness Urgent Care | 411 W 3rd St
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