Single-Tenant Office Medical
Xpress Wellness Urgent Care - Elk City, OK (CPI Increases)
411 W 3rd St, Elk City, OK 73644
Listing Price: $2,689,000
Investment Overview
Absolute Net Lease medical office building leased to Xpress Wellness Urgent Care. Tenant executed an early lease extension in 2017 and currently has 7.5+ years remaining.
The brand provides a range of high-quality, affordable, and convenient healthcare services to medically underserved communities and nursing home residents. Goldman Sachs acquired the Xpress Wellness platform in 2024, highlighting their dominance in the rural healthcare space. The acquisition will further assist with the brand's new market expansion plans.
The lease features CPI increases every two years, which gives ownership the ability to sell the property before the end of the primary term for a profit. The facility is centrally positioned within the town and strategically located a mile from Great Plains Regional Medical Center.
Xpress Wellness Urgent Care - Elk City, OK (CPI Increases)
Investment Highlights
- 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
Single-Tenant Office Medical
Xpress Wellness Urgent Care - Elk City, OK (CPI Increases)
Listing Price: $2,689,000
Investment Highlights
- 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
Investment Overview
Absolute Net Lease medical office building leased to Xpress Wellness Urgent Care. Tenant executed an early lease extension in 2017 and currently has 7.5+ years remaining. The brand provides a range of high-quality, affordable, and convenient healthcare services to medically underserved communities and nursing home residents. Goldman Sachs acquired the Xpress Wellness platform in 2024, highlighting their dominance in the rural healthcare space. The acquisition will further assist with the brand's new market expansion plans. The lease features CPI increases every two years, which gives ownership the ability to sell the property before the end of the primary term for a profit. The facility is centrally positioned within the town and strategically located a mile from Great Plains Regional Medical Center.
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