949 E Taft Ave - Medical FOR SALE


Sapulpa, OK 74066
$2,271,500 USD
843-345-5333
949 E Taft Ave, Sapulpa, OK for Sale
$2,271,500 USD
Medical - FOR SALE
1/7
null | 7% Cap Rate

949 E Taft Ave
Sapulpa, OK 74066


HIGHLIGHTS

  • Single-Tenant Urgent Care Center with 7 Years Remaining on a Modified NNN Lease
  • 10% Rental Increases Every 5 Years & at Each of the Two, 5-Year Options | Minimal Landlord Responsibilities
  • Xpress Added Nearly 50 Locations Since 2018 | Total of 71 Locations Across Three States
  • Strong Tenant | Xpress Wellness Recently Acquired by Goldman Sachs Alternatives in May of 2024 (Fitch Rating: A)
  • Located Less than 0.5 Miles from the Ascension St. John Sapulpa Hospital | E-Commerce & Recession Proof Tenant
  • Strong Suburban Submarket in the Tulsa MSA | Strategic Positioning Allows for Serving a Growing Local Population

OVERVIEW

Northmarq, as exclusive agent, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the medical office property located at 949 East Taft Avenue in Sapulpa, Oklahoma. The property is currently occupied by Xpress Wellness Urgent Care, one of the largest urgent care providers in secondary markets throughout Oklahoma, Kansas, and Texas. 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 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.

FOR SALE DETAILS

PRICE

$2,271,500 USD

PRICE/SF

$531 USD /SF

CAP RATE

7%

% 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

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,494 SF

ZONING

CG

APN/PARCEL ID

1015-00-016-000-0-070-00

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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