Labcorp NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Last Year Cap

6.3%

This Year Cap

6.6%

Cap Change

0.3%

Last Year Rating

BBB+

This Year Rating

BBB+

Rating Change

No change

Labcorp – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate

Credit (what net-lease buyers care about)

Credit Snapshot

Labcorp

Cap Rates NNN
Last Year 6.3%
This Year 6.6%
Change 0.3%
S&P Rating CREDIT
Last Year BBB+
This Year BBB+
Change No change

Labcorp Net Lease: Secure, Essential Investment

Labcorp is a leading national provider of laboratory testing and diagnostic services with an investment-grade credit profile. This guide reviews Labcorp cap rates, lease structures, tenant credit, and key due diligence considerations for buyers and sellers evaluating single-tenant Labcorp properties.

For 1031 exchange buyers, Labcorp properties can provide stable income backed by a healthcare tenant operating in an essential, recession-resistant industry. Investors should compare lease term, rent escalations, location quality, and facility type when evaluating investment opportunities.

Investors often target Labcorp assets for:

  • Stable Income Potential
  • Essential Healthcare Real Estate
  • Investment-Grade Tenant Credit
  • Attractive 1031 Exchange Compatibility

Because laboratory facilities are often built or configured for diagnostic testing, buyers should carefully evaluate building adaptability, remaining lease term, renewal options, rent growth, and long-term real estate fundamentals before purchasing.

Labcorp Properties for 1031 Exchange Buyers

Labcorp properties are frequently sought by 1031 exchange investors due to the company’s strong credit profile and essential healthcare operations. Buyers should evaluate remaining lease term, annual rent escalations, landlord responsibilities, renewal options, market demographics, and the property’s potential for future reuse if the tenant vacates.

Labcorp – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Labcorp Stock Price (NYSE: LH)

Labcorp Investment Market Statistics

AVERAGE SALE PRICE

$8,500,000

BUILDING SIZE

4,000 – 12,000 SF

AVERAGE NOI

$500,000

LAND

0.75 – 2.50 Acres

$/SF RANGE

$450 – $850/SF

LEASE TERM SHOWN

15 years

Labcorp Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded in 1978 as Roche BioMedical
  • Expanded through strategic acquisitions
  • Merged with Laboratory Corporation of America in 1995
  • Built one of the nation’s largest laboratory networks
  • Expanded into diagnostics, specialty testing, and drug development services
  • Established a nationwide presence serving hospitals, physicians, employers, and patients

Where Labcorp Stands Today

  • Leading U.S. laboratory diagnostics provider
  • Nationwide network of patient service centers
  • Serves hospitals, physicians, employers, and patients
  • Primarily corporate-operated laboratory facilities
  • Expanding advanced diagnostics and specialty testing
  • Focused on innovation, operational efficiency, and healthcare outcomes

Where Labcorp Stands Today

  • Advanced Diagnostics
  • Specialty Testing
  • Laboratory Automation
  • Physician Partnerships
  • National Network
  • Operational Efficiency
  • Healthcare Demand

Why investors buy Labcorp NNN Properties or Labcorp ground Lease Properties?

Pros (what buyers like)

  • Strong tenant credit
    Investment-grade healthcare company with a long operating history.
  • Essential healthcare services
    Provides diagnostic testing and laboratory services with recurring demand.
  • Defensive industry
    Healthcare demand remains relatively stable across economic cycles.
  • Long-term lease structures
    Many properties feature long-term NNN leases attractive to passive and 1031 exchange investors.
  • Established operating locations
    Many labs serve long-standing physician networks, hospitals, and local communities.

Cons (what can bite you)

  • Specialized buildings
    Laboratory improvements may require costly modifications for a new tenant.
  • Limited tenant pool
    Medical laboratory facilities can be more difficult to re-lease than standard retail space.
  • Lease structure variability
    Some leases may include landlord responsibilities for roof, structure, or capital items.
  • Limited rent growth
    Certain leases offer fixed or modest rent escalations over the lease term.
  • Healthcare industry changes
    Reimbursement, regulatory, or testing demand changes can affect long-term facility strategy.

Find out more

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Labcorp Background & History

Labcorp is one of the nation’s largest diagnostic laboratory companies, providing essential medical testing and healthcare services across the United States. Since its formation through the merger of Roche BioMedical and Laboratory Corporation of America in 1995, the company has expanded into a nationwide network serving physicians, hospitals, employers, health systems, and patients.

Over time, Labcorp has grown beyond routine laboratory testing to offer specialty diagnostics, genetic testing, clinical trials support, and drug development services. Today, patients and healthcare providers rely on Labcorp locations for routine blood work, diagnostic testing, and specialized laboratory services that support medical decision-making.

As healthcare continues to evolve toward precision medicine and advanced diagnostics, Labcorp has invested in laboratory automation, digital technologies, and expanded testing capabilities to improve efficiency, accuracy, and patient access.

Why Labcorp Matters to NNN Investors

Labcorp operates one of the largest clinical laboratory networks in the United States, providing essential healthcare services with recurring demand. Its business model is supported by physician referrals, hospital partnerships, employer health programs, and an aging population that continues to increase demand for diagnostic testing.

Many Labcorp facilities are strategically located within established medical corridors, near hospitals, outpatient centers, and physician offices. These healthcare-oriented locations typically benefit from consistent patient traffic and long-term demand driven by essential medical services rather than discretionary consumer spending.

This focus on essential healthcare services helps make Labcorp an attractive tenant for many net lease investors. The company’s investment-grade credit profile, nationwide operating platform, and continued investment in diagnostic innovation contribute to its long-term relevance within the healthcare real estate sector.

What Buyers and Sellers Should Evaluate

For investors evaluating Labcorp NNN properties, the investment thesis is typically centered on tenant credit quality, lease structure, and the long-term value of the underlying real estate. Buyers should evaluate remaining lease term, rent escalations, landlord responsibilities, building adaptability, and the property’s location within its local healthcare market.

Common searches include Labcorp real estate, Labcorp cap rate, Labcorp lease term, Labcorp tenant credit, and Labcorp NNN properties. Ultimately, investment value is driven by lease economics, property fundamentals, and the strategic importance of the location within Labcorp’s national laboratory network.

Because many laboratory facilities contain specialized medical improvements, investors should also evaluate the property’s potential for future reuse if the tenant vacates. Factors such as proximity to hospitals and medical offices, accessibility, demographics, building flexibility, and local healthcare demand can significantly influence long-term value, cash flow durability, and exit strategy.

 

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Labcorp ground lease properties or fee simple Labcorp assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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