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Get In TouchSouthern Plains Medical Center 2-Unit Portfolio – OK
CareFirst Wellness Associates
Oklahoma City, OK, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale a Southern Plains Medical Center 2-Unit Portfolio Leased to CareFirst Wellness Associates, a Multi-Location, Full-Service Healthcare Provider With a Strong Regional Presence Across Oklahoma. The Portfolio Features a Highly Attractive Rent Basis, Recent Full-Property Renovations, Robust Lease Security, and Recession-Resistant Medical Tenancy – All Within a Passive, Absolute NNN Structure.
Offered With a Unique and Flexible Deal Structure, the Transaction Includes a Master Lease at 2222 W Iowa Ave and a Traditional Sale-Leaseback at 1104 E Central Blvd, Appealing to Investors Seeking Stable Yield, Built-in Value, and Long-Term Upside.
- Below-Market Rent Advantage: Leased at just $12–$13/SF NNN, well below the $14–$17/SF NNN market rates for comparable medical office properties.
- Established Medical Operator: The Tenant operates five additional medical locations across Oklahoma, underscoring their financial strength, operational stability, and healthcare expertise.
- Creative Deal Structure: Unique opportunity combining a master lease on 2222 W Iowa Ave with a straightforward sale-leaseback on 1104 E Central Blvd — offering flexibility for investors.
- Credit-Backed Lease Security: Lease features both corporate and personal guarantees from the tenant, enhancing the investment’s credit profile and risk protection.
- Undervalued Asset: Priced significantly below replacement cost with a low-cost PSF, offering strong upside potential and long-term value.
- Hands-Off Income Stream: Absolute NNN lease — tenant is responsible
for all expenses directly, creating a truly passive investment with no
landlord obligations. - Fully Accredited Surgical Center: Turnkey medical facility equipped for surgical operations, offering immediate functionality and compliance.
- Premium Infrastructure: Includes a Rolls-Royce backup generator and digitally controlled HVAC system for climate efficiency and operational reliability.
- Diagnostic-Ready Facility: Outfitted with MRI, laboratory, and X-ray equipment, supporting a wide range of medical services on-site.
- Recent Capital Improvements: Both buildings underwent full renovations in 2023, ensuring modern functionality and reduced near-term capital needs.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
CareFirst Wellness Associates
Oklahoma City, OK, USA
CAREFIRST WELLNESS ASSOCIATES
CareFirst Wellness Associates (CFWA) is a Physician-owned, independent, multi-specialty clinic system that proudly operates a network of clinics located in both Oklahoma and Arizona. Its primary goal is to provide patients with the highest level of comfort and convenience during their visits. CareFirst Wellness Associates was established in 2021 when it acquired the historic Southern Plains Medical Center, an esteemed entity that has been serving the community of Chickasha since 1915. In addition to its Oklahoma presence, CareFirst Wellness Associates is committed to serving the residents of the Surprise, Prescott, Kingman, and Lake Havasu areas of Arizona. The clinics in Arizona were formerly recognized as More MD and are dedicated to continuing the tradition of providing excellent care in those locations.
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PREMISES
76,300 SF
Lease Type
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BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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