ConvenientMD | New 2025 Construction | Abs NNN Lease
ConvenientMD - Farmington, ME | Abs NNN Lease
Marketing description
This offering presents the opportunity to acquire a brand-new, 2025 build-to-suit ConvenientMD urgent care clinic located in Farmington, Maine, a stable medical hub serving Franklin County and the regional University of Maine system. The property features a new 15-year absolute NNN lease with six (6) five-year renewal options, ensuring long-term predictable cash flow with no landlord responsibilities. Rent escalations of 10% every five years provide excellent income growth. The site includes newly established cross-access to Wilton Road, ensuring excellent vehicular ingress/egress and permanent access continuity for the tenant.
ConvenientMD is a rapidly growing regional healthcare operator offering urgent care, clinical services, and onsite pharmacy dispensing. In addition to its expanding urgent care footprint, CMD has been experiencing notable growth in its Primary Care platform, which operates under the same corporate entity and provides meaningful support to the company’s overall financial strength and balance sheet. As a mission-critical and new high-volume facility for the brand, the Farmington clinic benefits from high visibility on the area’s dominant commercial corridor, surrounded by national retailers and essential services. This asset is exceptionally well-positioned for passive investors seeking stable yield, strong credit tenancy, and long-term security.
Investment highlights
BRAND-NEW 2025 BUILT-TO-SUIT CONSTRUCTION - Newly delivered clinic purpose-built for ConvenientMD, featuring the latest medical buildout and technology to support high-quality clinical operations and long-term facility performance
LONG-TERM ABSOLUTE NNN LEASE - 15-year absolute NNN structure with the tenant responsible for 100% of expenses, taxes, insurance, roof & structure maintenance, and utilities offering investors true passive ownership
HEALTHCARE TENANCY & RECESSION-RESISTANT CATEGORY - Urgent care is one of the strongest performing and most stable retail categories, supported by consistent demand, high insurance utilization, and long-term demographic needs
HIGH VOLUME LOCATION - ConvenientMD is positioned for sustained success and long-term profitability at this new high volume Farmington location, capitalizing on the intense need for medical services in the region
HIGH-TRAFFIC REGIONAL RETAIL CORRIDOR - Positioned along Wilton Road (ME-2), Farmington’s dominant commercial artery, with strong daily traffic counts, proximity to major national anchors such as Walmart, Home Depot, Hannaford, and Franklin Memorial Hospital, and elevated site placement that provides exceptional visibility functioning as a prominent billboard along the entire Route 2 corridor
STRONG CORPORATE GUARANTY - Lease guaranteed by ConvenientMD, LLC, a rapidly expanding healthcare operator with 50+ urgent care and primary care locations, and the largest and strongest urgent care provider in the high barrier-to-entry New England market
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
