Single-Tenant Urgent Care
For Sale
Contact for pricing
Pending
503 S Aspen Ave, Broken Arrow, OK 74012
Fee simple urgent care center is fully leased under triple-net arrangements to two established healthcare operators.
Property SizeContact for details
Days on Market120
Property Features for 503 S Aspen Ave
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
(918) 494-2690
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 9:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Tulsa
Investment Insights
Based on property information with market context.
Stan Johnson Company, on behalf of the Ownership, is pleased to exclusively offer the fee simple interest in a single-tenant urgent care center located at 503 & 505 S. Aspen Ave in Broken Arrow, OK (the “Property”). The Property is subject to recently executed, triple net leases occupying 100% of the building, with a weighted average lease term remaining of 8.3 years.
The Property is leased to Xpress Wellness, LLC (“Xpress Wellness”) and Freedom Hearing, LLC (“American Hearing”). Xpress Wellness is a 20-unit urgent care operator in Oklahoma and Kansas, with several new locations planned for 2022. The company’s family practice has operated since 1999, with special interests in obstetrics and sports medicine. In 2018, Xpress Wellness partnered with Latticework Capital Management to recapitalize and scale the business, and entered a new 10-year lease with 9.5 years remaining in the initial term.
American Hearing recently entered into a 5-year lease and operates 17 locations across Kansas, Nebraska, Missouri, and now Oklahoma.
The Property is leased to Xpress Wellness, LLC (“Xpress Wellness”) and Freedom Hearing, LLC (“American Hearing”). Xpress Wellness is a 20-unit urgent care operator in Oklahoma and Kansas, with several new locations planned for 2022. The company’s family practice has operated since 1999, with special interests in obstetrics and sports medicine. In 2018, Xpress Wellness partnered with Latticework Capital Management to recapitalize and scale the business, and entered a new 10-year lease with 9.5 years remaining in the initial term.
American Hearing recently entered into a 5-year lease and operates 17 locations across Kansas, Nebraska, Missouri, and now Oklahoma.
Key Highlights
- Single‑tenant urgent care center offered as fee simple interest at 503 & 505 S. Aspen Ave, Broken Arrow, OK
- Fully leased under triple‑net arrangements to two tenants (100% occupancy)
- Weighted average lease term remaining of 8.3 years
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Fee simple urgent care center is fully leased under triple-net arrangements to two established healthcare operators.
Where is this medical center located?
The property is located at 503 S Aspen Ave Broken Arrow, OK.
What are key features of this property?
This property features: Single‑tenant urgent care center offered as fee simple interest at 503 & 505 S. Aspen Ave, Broken Arrow, OK; Fully leased under triple‑net arrangements to two tenants (100% occupancy); Weighted average lease term remaining of 8.3 years
