| Metric | Details |
|---|---|
| Entity / Legal Name | Medicorp Health System, doing business as Mary Washington Healthcare |
| Credit Ratings | Fitch: A |
| Investment Grade Status | Investment Grade |
| Sector | Regional Health System / Nonprofit |
| Virginia Hospitals | 2 (Mary Washington Hospital, Stafford Hospital) |
| Median asking cap rate | See the live table below |
| Typical Lease Term | Varies; confirm in the lease |
| Geographic Focus | Fredericksburg, Virginia region (hospitals in Fredericksburg and Stafford) |
Mary Washington Healthcare Business Overview & NNN Investment Profile
Mary Washington Healthcare is the name under which Medicorp Health System, a nonprofit, does business in Virginia’s Fredericksburg region. Medicorp Health System owns two Medicare-enrolled acute care hospitals: Mary Washington Hospital in Fredericksburg and Stafford Hospital in Stafford (CMS hospital enrollment and ownership data, August 2026).
Source: Fitch Ratings A, as of April 3, 2026. Ratings checked October 8, 2026.
The Fredericksburg Market: What to Check for NNN
Population trends in Stafford and Spotsylvania counties and the city of Fredericksburg can affect demand for outpatient space in the region. Check current U.S. Census Bureau estimates for the specific county before relying on growth assumptions.
Mary Washington Healthcare NNN Cap Rate & Pricing
Live asking cap rates for Mary Washington Healthcare and comparable tenants:
Pricing for a specific property depends on the remaining lease term, rent, location and lease guarantor; see the live table for current asking cap rates.
Comparable NNN Tenants
| Comparable Tenant | Rating |
|---|---|
| Ascension Health | AA |
| Henry Ford Health | A+ |
| HCA Healthcare | BBB |
Is Mary Washington Healthcare investment grade?
Status in our ratings database: Investment Grade. Fitch: A. Moody’s: no verified rating. A rating at or above BBB‑/Baa3 is investment grade.
Where does Mary Washington Healthcare operate?
Mary Washington Healthcare serves the Fredericksburg, Virginia region. Medicorp Health System, which does business as Mary Washington Healthcare, owns two Medicare-enrolled hospitals: Mary Washington Hospital in Fredericksburg and Stafford Hospital in Stafford (CMS data, August 2026).
What asking cap rates do Mary Washington Healthcare NNN listings show?
Current median asking cap rates for Mary Washington Healthcare and comparable tenants are shown in the live table on this page. Pricing for a specific property depends on the remaining lease term, rent level, location and lease guarantor, and asking cap rates are not closed-sale cap rates.
Mary Washington Healthcare Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Mary Washington Healthcare properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
- Ascension
- Aspen Dental
- Athletico
- BioLife Plasma
- Concentra
- Corewell Health
- CSL Plasma
- DaVita Dialysis
- EyeCare Partners
- Fresenius
- Grifols
- Henry Ford Health
- HCA Healthcare
- Heartland Dental
- McLaren Health Care
- Oak Street Health
- Piedmont Healthcare
- Sparrow Health
- Trinity Health
- U of M Health
- University of Pittsburgh Medical Center (UPMC)
- Acadia Healthcare
- AFC Urgent Care
- ATI Physical Therapy
- CityMD / Summit Health
- Encompass Health
- Fast Pace Urgent Care
- MedExpress Urgent Care
- MyEyeDr
- NextCare Urgent Care
- Octapharma Plasma
- Pacific Dental Services
- Select Physical Therapy
- Smile Brands
- VCA Animal Hospitals
- WellNow Urgent Care
- Banfield Pet Hospital
- Labcorp
- National Vision
- Quest Diagnostics
1031 buyer benchmark: compare the health-system credit before chasing yield
For 45-day replacement-property decisions, Mary Washington Healthcare should be benchmarked against both the healthcare credit peer set and the broader NNN cap-rate market, not viewed as just another medical tenant. Start with the best investment grade NNN tenants for 1031 exchange shortlist, then compare current pricing against the 2026 NNN cap-rate framework.
The practical screen is simple: confirm the lease obligor, parent guarantee, remaining term, rent bumps, facility reuse, and whether the cap-rate spread compensates you for any market or facility-level risk. For health-system NNN buyers, credit quality is the starting point; real estate reuse and exit liquidity still decide whether the replacement property belongs on the ID list.
