Labcorp NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks Labcorp net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Labcorp credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

Labcorp NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Labcorp properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Showing the 3 most recently listed of 6 observed listings; listings without a published asking price and cap rate are not shown here.

Search all 6 Labcorp properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

Labcorp patient service centers are company-operated; there are no franchisees. The tenant is usually Laboratory Corporation of America Holdings, the main operating company under Labcorp Holdings Inc. (the public parent since a 2024 reorganization), or one of its subsidiaries, and the first question for a buyer is whether that company signs or guarantees the lease or whether a smaller subsidiary stands alone. When it is on the lease, you are underwriting a national laboratory network with large hospital outreach and biopharma laboratory services businesses rather than a single clinic. Labcorp also grows by acquiring hospital outreach labs, so some locations came with acquired leases that were never written on Labcorp paper and carry different terms, guarantors and escalation patterns.

Most Labcorp real estate is a small inline suite or medical office space, often under 5,000 square feet, in a strip center or medical office building near a hospital or physician cluster. Freestanding single-tenant buildings are uncommon, so listings tend to be multi-tenant medical or retail buildings where Labcorp is one of several tenants, or small buildings converted for a patient service center. Initial terms are typically five to ten years with annual escalations in the low single digits and five-year options. Leases are usually NN or modified gross with the landlord holding roof and structure rather than absolute NNN, and the interior buildout is specialized for specimen handling.

Across the current inventory, roughly 0% of listings with a reported build year were delivered in the last four years, and about 0% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

Labcorp Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the Labcorp inventory runs from 6.50% to 9.30%, against a median of 7.00%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where Labcorp NNN Properties Are For Sale

Current inventory spans 5 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

Labcorp as a 1031 Exchange Replacement Property

The median asking price in the current Labcorp inventory is $2.49M, and about 67% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.

• Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
• Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage. Run your own debt numbers before you identify.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
• Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

Labcorp NNN Due Diligence Checklist

These are the items that change the value of a Labcorp listing and are rarely resolved by the offering memorandum.

• Parent or subsidiary on the lease. Confirm whether Laboratory Corporation of America Holdings signs or guarantees, or whether a regional subsidiary or an acquired hospital outreach entity is the only counterparty. The credit you are buying depends entirely on this.
• Early termination and relocation rights. Labcorp consolidates patient service centers as it acquires outreach labs and shifts draw sites into retail partners. Check for termination options, relocation rights and any right to shrink the premises mid-term.
• Roof, structure and HVAC. Most patient service center leases leave roof, structure and often HVAC replacement with the landlord. Underwrite those reserves, since a short term and small suite leave little rent to absorb a capital event.
• Re-tenanting a lab buildout. Specimen storage, plumbing and privacy partitions fit few other users. Model downtime and conversion cost for the suite, and confirm demising and parking work for general medical or retail use if Labcorp leaves.

How Investment Grade Works With Labcorp Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Labcorp acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing Labcorp properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.

Frequently Asked Questions

• Labcorp Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings