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Single-Tenant Office Medical

Xpress Wellness Urgent Care | Tulsa MSA

949 E Taft Ave, Sapulpa, OK 74066

Listing Price: $2,446,285

Cap Rate
6.50%
Tenant Name
Xpress Wellness Urgent Care
Years Remaining On Lease
7.5
Gross SF
4,278
Guarantor
No Guarantee
Rentable SF
4,278
Price/Gross SF
$571.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.17

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the medical office property located at 949 East Taft Avenue in Sapulpa, Oklahoma. Currently occupied by Xpress Wellness Urgent Care, one of the largest urgent care providers in secondary markets throughout Oklahoma and Kansas. 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 7.5 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.

Investment Highlights

  • Single-Tenant Urgent Care Center with 7.5+ Years Remaining on a Modified NNN Lease | 10% Rental Increases Every 5 Years | Minimal Landlord Responsibilities
  • Located Less than 0.5 Miles from the Ascension St. John Sapulpa Hospital | E-Commerce & Recession Proof Tenant
  • Xpress Added Nearly 50 Locations Since 2018 | Total of 58 Locations Across Two States | Tenant Acquired by Goldman Sachs Alternatives in May of 2024 (Fitch Rating: A)
  • Strategic Location Allows for Serving Tulsa MSA and Growing Local Population | Strong Suburban Submarket of Sapulpa | Located in a Dense Retail Corridor

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Single-Tenant Office Medical

Xpress Wellness Urgent Care | Tulsa MSA

Listing Price: $2,446,285

Cap Rate
6.50%
Tenant Name
Xpress Wellness Urgent Care
Years Remaining On Lease
7.5
Gross SF
4,278
Guarantor
No Guarantee
Rentable SF
4,278
Price/Gross SF
$571.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.17

Investment Highlights

  • Single-Tenant Urgent Care Center with 7.5+ Years Remaining on a Modified NNN Lease | 10% Rental Increases Every 5 Years | Minimal Landlord Responsibilities
  • Located Less than 0.5 Miles from the Ascension St. John Sapulpa Hospital | E-Commerce & Recession Proof Tenant
  • Xpress Added Nearly 50 Locations Since 2018 | Total of 58 Locations Across Two States | Tenant Acquired by Goldman Sachs Alternatives in May of 2024 (Fitch Rating: A)
  • Strategic Location Allows for Serving Tulsa MSA and Growing Local Population | Strong Suburban Submarket of Sapulpa | Located in a Dense Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the medical office property located at 949 East Taft Avenue in Sapulpa, Oklahoma. Currently occupied by Xpress Wellness Urgent Care, one of the largest urgent care providers in secondary markets throughout Oklahoma and Kansas. 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 7.5 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.

Exclusively Listed By

  • Ani Paulson

    First Vice President Investments

    (843) 952-2268

    Email Ani

    License(s): SC: 108539, GA: 428443, NC: 351488

    Atlanta

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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