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2800 Cannons Ln, Louisville, KY, 40205

Paradigm Oral Health & Blue Cloud Surgery Center
$6,634,621

Key Information

Cap Rate
7.22%
$ per SF
$563
Tot. SF
11,787
Lot Size
0.6 Acres
Year Built
2014
Type
Healthcare
NOI
$479,051

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.

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Location

Agents

Broker of Record

Kyle Matthews

License # 239410, 221925
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203