Metric Details Entity / Legal Name Piedmont Healthcare, Inc. S&P / Moody‑s Rating Moody‑s Aa3 Rating Outlook Stable Investment Grade Status Investment Grade Sector Healthcare / Nonprofit Health System Headquarters Atlanta, Georgia Hospital Count 22 hospitals Annual Revenue ~$7.5 billion Cap Rate Range 5.00% – 6.00% Typical Lease Term 10 – 20 years (NNN or…

Metric Details Entity / Legal Name Oak Street Health, LLC (subsidiary of CVS Health Corporation) Parent Company CVS Health (NYSE: CVS) S&P / Moody‑s Rating BBB / Baa1 (CVS Health parent credit) Rating Outlook Stable (S&P) / Stable (Moody‑s) Investment Grade Status Investment Grade (via CVS Health parent) Sector Healthcare / Value-Based Primary Care US…

Metric Details Entity / Legal Name McLaren Health Care Corporation S&P / Moody‑s Rating Fitch AA‑ / Moody‑s A1 Rating Outlook Stable (Fitch) / Stable (Moody‑s) Investment Grade Status Investment Grade Sector Healthcare / Nonprofit Health System Headquarters Grand Blanc, Michigan Hospital Count 15 acute care hospitals Annual Revenue ~$6.5 billion (FY2024) Cap Rate Range…

Mary Washington Healthcare A-/A3 investment grade — Virginia regional nonprofit health system. 2 hospitals, 50+ care sites in Fredericksburg I-95 growth corridor. 5.50–6.50% NNN cap rates. Q1 2026.

Heartland Dental B-/Caa1 KKR PE-backed — largest US DSO, 1,700+ dental offices in 38 states. 7.50–9.00% NNN cap rates, $1.5M–$3.5M price range. Q1 2026.

HCA Healthcare BBB-/Ba1 split-rated — largest US for-profit hospital system, ~188 hospitals, $70B revenue. 5.50–6.50% NNN cap rates, $4M–$15M+ price range. Q1 2026.

Henry Ford Health A/A2 investment grade — major Michigan nonprofit health system, 110-year history. 6 hospitals, 250+ care sites in Southeast Michigan. 5.25–6.25% NNN cap rates. Q1 2026.

Grifols BB/Ba3 Negative — Spanish biopharmaceuticals, operates BioMat USA plasma centers. 300+ US locations. 7.00–8.50% NNN cap rates, $2.5M–$6.5M price range. Q1 2026.

EyeCare Partners CCC+/Caa2 PE-backed vision care DSO. 750+ US optometry clinics. 7.50–9.00% NNN cap rates, $1.5M–$3.5M price range. Warburg Pincus 2023 recapitalization. Q1 2026.

CSL Plasma backed by CSL Behring A-/A3 investment grade — highest-rated plasma collection NNN tenant. 300+ US centers. 5.25–6.25% NNN cap rates, $3M–$7.5M price range. Q1 2026.