1817 E Arlington St - Medical FOR SALE


Ada, OK 74820
$2,300,000 USD
650-678-7200
1817 E Arlington St, Ada, OK for Sale
$2,300,000 USD
Medical - FOR SALE
1/5
null | 6.85% Cap Rate

1817 E Arlington St
Ada, OK 74820


HIGHLIGHTS

  • Over 9 years remaining on an absolute net lease featuring 1.25% annual rental increases
  • Full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness (see below)
  • 2021 construction to tenant’s latest prototype
  • In May 2024, Goldman Sachs Alternatives (NYSE: GS) purchased Xpress Wellness from Lattice Capital Management
  • $87,000 average household incomes within a 1-mile radius of the subject property
  • Adjacent to the subject property is Arlington Center, a 144,000 SF shopping center anchored by Hobby Lobby with 1.1 million visitors annually

OVERVIEW

9+ years remain in the base term of this absolute net lease that features 1.25% annual rental increases and a full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness. In May 2024, Xpress Wellness was purchased by Goldman Sachs Alternatives (NYSE: GS), one of the leading investors in alternatives globally with over $450 billion in assets and over 30 years of experience. The subject property is strategically positioned along E. Arlington Street (SH-1), one of Ada’s primary commercial arterials, immediately east of the city’s busiest intersection at Mississippi Avenue (US-377/SH-99). Surrounded by established medical, financial, and retail users, the property benefits from exceptional visibility, strong consumer traffic, and convenient access within the immediate trade area.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$663 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Xpress Wellness Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

-

APN/PARCEL ID

0255-00-001-006-0-000-00

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.