Xpress Wellness Urgent Care
Long-Term Absolute Net Lease with Annual Rental Increases
Marketing description
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.
Investment highlights
- Solid Lease Fundamentals: Over 9 years remaining on an absolute net lease featuring 1.25% annual rental increases
- Strong Corporate Backing: Full-term corporate guaranty from Xpress Wellness Holdings LLC – the primary operating entity for Xpress Wellness (see below)
- Build-To-Suit Building: 2021 construction to tenant’s latest prototype
- Credit Enhancement: In May 2024, Goldman Sachs Alternatives (NYSE: GS) purchased Xpress Wellness from Lattice Capital Management
- Affluent Demographics: $87,000 average household incomes within a 1-mile radius of the subject property
- Arlington Center: Adjacent to the subject property is Arlington Center, a 144,000 SF shopping center anchored by Hobby Lobby with 1.1 million visitors annually
- East Central University: Subject property is just one mile from East Central University, home to over 4,000 enrolled students (see Page 16)
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
