Absolute Net Lease medical office building leased to Xpress Wellness Urgent Care. Tenant executed an early lease extension in 2017 and currently has 7.5+ years remaining.
The brand provides a range of high-quality, affordable, and convenient healthcare services to medically underserved communities and nursing home residents. Goldman Sachs acquired the Xpress Wellness platform in 2024, highlighting their dominance in the rural healthcare space. The acquisition will further assist with the brand's new market expansion plans.
The lease features CPI increases every two years, which gives ownership the ability to sell the property before the end of the primary term for a profit. The facility is centrally positioned within the town and strategically located a mile from Great Plains Regional Medical Center.