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Single-Tenant Office Medical

Xpress Wellness Urgent Care (47+ Locations) | Uncapped CPI Increases Every 2 Years

411 W 3rd Street, Elk City, OK 73644

Listing Price: $2,630,000

Cap Rate
6.85%
Tenant Name
Xpress Wellness, LLC
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
4,472
Lease Type
Absolute Net
Rent Per Square Feet
$40.27

Investment Overview

The Sulo Group is pleased to present an Xpress Wellness located in Elk City, OK.

CPI Increases Every 2 Years | Zero Landlord Responsibilities - The subject property has CPI increases to annual rent every two years including renewal periods. This offers a future landlord an above average
return to traditional lease structures available in the net leased environment. The lease also features no landlord responsibilities. Tenant is responsible for all taxes, insurance, and maintenance and repairs.

Rare Established STNL Urgent Care Property - The Elk City location was one of the first few locations for Xpress Wellness in 2014. Xpress Wellness has served an immediate demand for healthcare in Elk City for the past 9+ years. The tenant has further showed long term commitment to the site by extending their lease early for 15 years in July of 2018. The lease still features Four, Five-Year options remaining with the same CPI structure as the base term.

Investment Highlights

  • Xpress Wellness Urgent Care (47+ Locations) | Dominant Regional Urgent Care Operator
  • CPI Increases Every 2 Years | Zero Landlord Responsibilities
  • Rare Established STNL Urgent Care Property
  • Recession Proof and Ecommerce Resistant Industry

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Single-Tenant Office Medical

Xpress Wellness Urgent Care (47+ Locations) | Uncapped CPI Increases Every 2 Years

Listing Price: $2,630,000

Cap Rate
6.85%
Tenant Name
Xpress Wellness, LLC
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
4,472
Lease Type
Absolute Net
Rent Per Square Feet
$40.27

Investment Highlights

  • Xpress Wellness Urgent Care (47+ Locations) | Dominant Regional Urgent Care Operator
  • CPI Increases Every 2 Years | Zero Landlord Responsibilities
  • Rare Established STNL Urgent Care Property
  • Recession Proof and Ecommerce Resistant Industry

Investment Overview

The Sulo Group is pleased to present an Xpress Wellness located in Elk City, OK. CPI Increases Every 2 Years | Zero Landlord Responsibilities - The subject property has CPI increases to annual rent every two years including renewal periods. This offers a future landlord an above average return to traditional lease structures available in the net leased environment. The lease also features no landlord responsibilities. Tenant is responsible for all taxes, insurance, and maintenance and repairs. Rare Established STNL Urgent Care Property - The Elk City location was one of the first few locations for Xpress Wellness in 2014. Xpress Wellness has served an immediate demand for healthcare in Elk City for the past 9+ years. The tenant has further showed long term commitment to the site by extending their lease early for 15 years in July of 2018. The lease still features Four, Five-Year options remaining with the same CPI structure as the base term.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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