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Xpress Wellness Urgent Care 949 E Taft Ave 4,278 SF Office Building Sapulpa, OK 74066 $2,271,500 ($530.97/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Single-Tenant Urgent Care Center with 7 Years Remaining on a Modified NNN Lease
  • Xpress Added Nearly 50 Locations Since 2018 | Total of 71 Locations Across Three States
  • Located Less than 0.5 Miles from the Ascension St. John Sapulpa Hospital | E-Commerce & Recession Proof Tenant
  • 10% Rental Increases Every 5 Years & at Each of the Two, 5-Year Options | Minimal Landlord Responsibilities
  • Strong Tenant | Xpress Wellness Recently Acquired by Goldman Sachs Alternatives in May of 2024 (Fitch Rating: A)
  • Strong Suburban Submarket in the Tulsa MSA | Strategic Positioning Allows for Serving a Growing Local Population

EXECUTIVE SUMMARY

Northmarq, as exclusive agent, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the medical office property located at 949 East Taft Avenue in Sapulpa, Oklahoma. The property is currently occupied by Xpress Wellness Urgent Care, one of the largest urgent care providers in secondary markets throughout Oklahoma, Kansas, and Texas. The company has established a strong presence in these regions, meeting critical healthcare needs in areas where hospital and emergency services may be limited. Since acquiring Xpress Wellness in 2024, Goldman Sachs has enabled continued expansion and operational efficiency. Xpress Wellness is known for offering a wide range of medical services, from routine check-ups to emergency care, ensuring consistent demand. With approximately 7 years remaining on a Modified NNN lease featuring 10% rental increases every 5 years, the property provides both stability and long-term potential in an essential service sector.
Sapulpa, a growing city just southwest of Tulsa with a population of approximately 21,000, serves as a vital healthcare hub for surrounding rural areas. Home to hospitals, urgent care centers, and private practices, the city’s medical services play a central role in the local economy. Creek Nation Community Hospital anchors a cluster of medical office developments, supported by clinics, outpatient services, and specialty providers that benefit from the area’s strong infrastructure. Sapulpa’s strategic location along U.S. Route 66 and Interstate 44 further enhances its appeal for healthcare-related businesses within the Tulsa metropolitan region.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,278 SF
Building Class
B
Year Built
2015
Price
$2,271,500
Price Per SF
$530.97
Cap Rate
7%
NOI
$159,005
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,278 SF
Building FAR
0.14
Lot Size
0.72 AC
Zoning
CG - General Commercial
Parking
33 Spaces (7.71 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1015-00-016-000-0-070-00
Land Assessment
$5,852
Improvements Assessment
$103,170
Total Assessment
$109,022
  • Listing ID: 38072352

  • Date on Market: 10/14/2025

  • Last Updated:

  • Address: 949 E Taft Ave, Sapulpa, OK 74066

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