PROPERTY & LOCATION HIGHLIGHTS

• Scheduled Rental Increases – 2.00% annual rental increases provide a future owner a boost in cash flow and return on their investment, along with protection against inflation.
• Dense & Wealthy Demographics – The area is densely populated, with over 556,880 residents within a 5-mile radius & an AHHI of $119,300, ensuring a robust consumer base to support this location.
• Strategic Location – The property is ideally positioned directly off New Jersey Route 4 (NJ-4), offering excellent visibility and convenient access for patients.
• Prime Retail Corridor – The office shares a building with Chipotle and a parking lot with a neighboring strip center anchored by national tenants including Dave’s Hot Chicken and Starbucks. The site is also located just down the street from Westfield Garden State Plaza, which is New Jersey’s largest traditional shopping mall, featuring over 2.1 million square feet of retail space and more than 300 stores.
• Recent Practice Acquisition – Paradigm acquired this practice in November 2024 demonstrating their long-term investment and commitment to the location.
• 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.

 

TENANT & INDUSTRY HIGHLIGHTS:

• Best-in-class Tenant – Paradigm Oral Health is one of the largest DSOs in the country with 75+ locations and growing.
• 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 expands by acquiring existing practices that are already successful and established within the community. This business model allowed them to quickly become one of the largest DSOs in the country.
• Healthcare Real Estate – Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.