Paragon Medical, LLC — Healthcare Real Estate Investment

About

A disciplined approach to healthcare real estate.

Paragon Medical brings together acquisition, development planning, and capital strategy for healthcare facility projects. We work alongside experienced development, financing, and operating partners to move projects from concept through funding to completion.

Our principals focus on structuring investments responsibly — with the diligence, transparency, and financial discipline that healthcare infrastructure demands.

Investment Strategy

Long-term leases. Single tenants. Essential medicine.

We purchase single-tenant specialty medical buildings held under long-term triple-net (NNN) leases with investment-grade and hospital-affiliated tenants — surgery centers, specialty clinics, and purpose-built medical offices. These are essential-purpose facilities where established operators have invested heavily in their location and intend to stay.

Built for Stability

Under a triple-net lease, the tenant — not the landlord — bears taxes, insurance, and maintenance. Long lease terms with contractual annual rent escalations are designed to produce durable, predictable income through market cycles.

Immediate Cash Flow

We acquire operating clinical facilities with tenants in place and paying rent — income begins at closing, not after a lease-up or construction period.

Tax-Advantaged

Direct real estate ownership offers meaningful tax efficiencies, including depreciation and cost-segregation strategies that can shelter a significant portion of current income.

Credit-Quality Tenants

We target investment-grade health systems, hospital-affiliated operators, and national groups with corporate lease guarantees — tenants whose services are essential to the communities they serve.

Portfolio

Specialty medical properties across the Southeast and Texas.

Properties

States

70,000+

Square Feet

100%

Single-Tenant Net Leased

High Point, North Carolina

Wake Forest Baptist Health Eye Center

Single-Tenant Medical Office — Ophthalmology

Purpose-built specialty eye center leased to Wake Forest Baptist Health, an investment-grade academic health system (Moody's A2). Constructed in 2013 and recognized with an AIA Design Merit Award.

NNN lease
Investment-grade tenant
Annual escalations
3.98-acre site

Marble Falls, Texas

Hill Country Memorial Surgery Center

Ambulatory Surgery Center — Multi-Specialty

A 14,398-square-foot multi-specialty surgery center with three Class C operating rooms on a 3.81-acre hilltop site in the Texas Hill Country. The tenant has operated at the property since 2010.

Single-tenant net lease
Three Class C ORs
Long operating history
No state income tax

Meridian, Mississippi

Meridian Surgery Center

Ambulatory Surgery Center — Hospital Joint Venture

A two-building outpatient surgery campus in Meridian's regional medical hub, jointly owned by Rush Foundation Hospital and local surgeons, with space subleased to Anderson Regional Medical Center. 15-year net lease with 2% annual escalations in a certificate-of-need state.

~15,200 SF campus
15-year net lease
Hospital-affiliated tenant
20+ year operating history

Fredericksburg, Virginia

Mary Washington Healthcare

Single-Tenant Medical Office — Orthopedics

A 14,900-square-foot orthopedic facility on 2.97 acres leased to Mary Washington Healthcare, the region's leading health system, under an absolute-net lease with a corporate guarantee and contractual annual rent increases.

Absolute-net lease
Corporate guarantee
Annual escalations
Regional health system

Anderson, South Carolina

Magnolia Veterinary Hospital

Specialty Veterinary Hospital

A 6,000-square-foot freestanding veterinary hospital, expanded and upgraded in 2019, home to an 11-veterinarian wellness and emergency practice. Net lease guaranteed by Encore Vet Group, a national operator with more than 60 locations, with 4% annual rent escalations.

Net lease
National corporate guarantee
4% annual escalations
Recently expanded

Specialty medical real estate, built for the long term.