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254 Western Ave South Portland, ME 04106

For Sale
$4,327,286

Long-term NNN investment with a strong healthcare tenant.

Property size:
7,424 SF
Lot size:
0.88 Acres

Property Features for 254 Western Ave

General Information

Size
7,424 SF
Lot size
0.88 Acres

Source: Matthews Real Estate Investments Services | New York Agent Seamus O’Brien

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

South Portland Medical Investment Opportunity

This property presents an opportunity to acquire a long-term, passively managed asset. The tenant, Paradigm Oral Health, is a large dental support organization (DSO) with over 75 locations and ongoing expansion. A majority interest in Paradigm Oral Health was acquired by BlackRock in April 2023. The property is leased on a NNN basis for approximately 14.9 years, offering a passive investment for buyers. The lease includes annual rental increases of 3%, providing growing cash flow and a hedge against inflation. Paradigm expands by acquiring existing practices that are already successful and established within the community. Healthcare properties are sought-after investments for their resistance to recessions and e-commerce. The property is located at 254 Western Ave, South Portland, ME and has a property size of 7424 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Medical offices

Suggested Use

Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Spa & Massage Wholesale Shop Hair Salon Dental Office Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Petco Vaccination Clinic

Location Insight

  • Map
  • Local Demand
City
South Portland
County
Cumberland
State
Maine
Longitude
-70.32439
Latitude
43.6378318

FAQs

What type of property is this?
Medical office - Long-term NNN investment with a strong healthcare tenant.
Where is this medical office located?
The property is located at 254 Western Ave South Portland, ME.
What is the asking price?
The asking price for this property is $4,327,286.
What are key features of this property?
This property features: - Best-in-class Tenant: Paradigm Oral Health, a large and growing DSO with 75+ locations.; - BlackRock Subsidiary: Majority interest acquired by BlackRock, indicating financial strength and stability.; - **±14.9 Year NNN Investment: Enjoy long-term passive income.**
More about this property
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