www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30093227
30090273

2800 Cannons Ln, Louisville, KY 40205

Matthews
TS
CA - 02051284
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
Listed by Matthews
$6,634,621
94 days on market
Updated 94 days ago

Paradigm Oral Health & Blue Cloud Surgery Center

Details
Property Type Office
Sub Type Medical Office
Square Footage 11,787
Cap Rate 7.22%
NOI $479,051
Tenancy Multi
Lease Type NNN
Remaining Term 9
Rent Bumps Yes
Lease Options 2, 5 Year
Year Built 2014
Buildings 1
Stories 2
Acreage 0.600
Ground Lease No

Two-Tenant Oral Surgery | 7.22% Cap | $6.63M | 9.1-Yr WALT | 2–3% Annual Bumps

Investment highlights

  • Best-In-Class Tenants: Paradigm Oral Health is one of the largest DSOs in the country with ± 75 locations and growing. Blue Cloud Pediatric Surgery Centers is the largest operator of pediatric dental ambulatory surgery centers in the United States.

  • 9-Year WALT: This deal offers a great opportunity for buyers looking to acquire a long-term passive asset.

  • 2% & 3% Annual Rental Increases: The leases features annual rental increases, providing investors with growing cash flow and a hedge against inflation.

  • BlackRock Subsidiary: In April 2023, BlackRock, the world’s #1 asset manager, acquired a majority interest in Paradigm Oral Health. This strategic partnership underscores the tenant’s financial strength and long-term stability.

  • Streamlined Expansion: Paradigm and Blue Cloud expand by acquiring existing practices that are already successful and established within the community.

  • Healthcare Real Estate: Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.

  • Dense Demographics: The area is densely populated, with over ± 240,000 residents within a 5-mile radius ensuring a robust consumer base to support this location.

  • Strategic Location: The property is ideally situated down the street from a Home Depot-anchored shopping center featuring national tenants including McDonald’s, Starbucks, Panera Bread, Chick-fil-A, Wendy’s, and Qdoba.

  • Recent Practice Acquisitions: Blue Cloud acquired the surgery center in December 2025, and Paradigm acquired the oral surgery practice in September 2024.

  • Build-To-Suit Construction: Completed in 2014 as a ground-up development specifically designed to meet the tenants’ operational needs.

  • Tenant Investment In Location: Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.

  • Passive Investment Opportunity: This property offers an excellent investment for 1031 exchange buyers seeking a high-yield asset with minimal landlord responsibilities.

Listing Contacts

Matthews
TS
CA - 02051284
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$479,051.00
$39,920.92/mo

Valuation Metrics

0
DSCR
7.22%
Cap Rate
7.22%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Kyle Matthews
License
239410, 221925
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591