XpressWellness Urgent Care

2031 West 6th Avenue, Emporia, KS 66801

$2,251,714

Cap Rate 7.00%

Views: 177 DOM: 301 Updated: 09.06.24 Posted: 02.25.24 Status: Active

Summary

Price $2,251,714	Built/Renov 2023	Tenant XpressWellness Urgent Care
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,000	Lease Start 08-01-2023	#Units 52
Price/SF $750.57	Expiration 08-01-2038	Tenant Type Medical/Health
NOI $157,620	R. Term 13.7	Ownership Fee Simple
Rent/SF $52.54	Increases 1.3%/2/yrs	Pop 5Mi 23,979
Lot/AC 0.44	Options 3/5yrs/1.25%	AHHI 5Mi $61,837

Kaveh Ebrahimi

Helios

Contact

Lease Highlights

New 2023 construction
XpressWellness Urgent Care has 14+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 1.25% annual rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

XpressWellness Urgent Care is strategically located at the signalized, hard corner intersection of W 6th Avenue and Prairie Street, with a combined daily traffic count of 36,285 vehicles. The property is surrounded by notable establishments such as Emporia Veterinary Hospital, Lyon County Fairgrounds, and the Tyson processing facility. National tenants in the vicinity include O’Reilly Auto...

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Key Features

New construction
Signalized intersection
Hard corner intersection
Roof guarantee
Near major nationals
Strategically located
Brand new lease
Long 10+ yr lease
Annual rent increases
Corporate Guarantee

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Links

XpressWellness Urgent Care Wikipedia Emporia, Kansas Zip Code 66801 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: XpressWellness Urgent Care
Guarantor:Corporate
Company:XpressWellness Urgent Care
# Units:52
Stock:Private

About Tenant

Xpress Wellness Urgent Care provides treatment of non-life-threatening illnesses and injuries for children and adults 7 days per week. Xpress Wellness Urgent Care also offers occupational...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,049	23,667	24,860
2023 Total Population :	6,119	23,959	25,183
2023 Employed Civilian Pop :	3,313	12,251	12,914
2023 Total Businesses :	332	1,106	1,135
2023 Average Household Income :	$ 61,626	$ 65,774	$ 67,147
2023 Total Consumer Spending :	$ 137 M	$ 568 M	$ 615 M
2023 Median Age :	35	32	33
2023 Total Households :	2,566	9,867	10,442
2023 Pop Age 25+: Bachelor's Degree :	716	2,473	2,648
2023 Average Home Value :	$ 115,221	$ 149,986	$ 158,615

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Prairie Street	3rd Ave	2021	9,345	0.27 mi
US Hwy 50	Anderson St	2018	11,500	0.41 mi
	Graphic Arts Rd	2021	15,700	0.51 mi
West 6th Avenue	Constitution St	2021	13,100	0.57 mi
West South Avenue	Rd H	2021	730	0.59 mi
South Prairie Street	W South Ave	2018	1,195	0.62 mi
West 9th Avenue	Oak St	2018	2,340	0.63 mi
West 12th Avenue	Merchant St	2021	7,597	0.67 mi
West 6th Avenue	Industrial St	2021	2,331	0.68 mi
West South Avenue	Prairie St	2021	6,587	0.70 mi

Listing Broker

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