411 W 3rd St - Medical FOR SALE


Elk City, OK 73644
$2,689,000 USD
407-557-3859
411 W 3rd St, Elk City, OK for Sale
$2,689,000 USD
Medical - FOR SALE
1/3
null | 7.25% Cap Rate

411 W 3rd St
Elk City, OK 73644


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
  • 1 st 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

OVERVIEW

•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

FOR SALE DETAILS

PRICE

$2,689,000 USD

PRICE/SF

$601 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Xpress Wellness Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R1

APN/PARCEL ID

0170-00-003-007-0-000-00

ASK ABOUT THIS PROPERTY

Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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