MUSC Health Pathology

Credit Tenant Affiliation: The Medical University Hospital Authority (MUHA), part of Medical University of South Carolina, holds an AA+ rating from S&P Global Ratings. The property is leased to MUSC Community Physicians, an affiliated entity, providing strong regional healthcare credit and operational stability.
$8.3 Billion Dollar Budget: The Medical University of South Carolina (MUSC) Board of Trustees approved an $8.3 billion operating budget for the 2025–2026 fiscal year. This budget supports academic, research, and clinical operations, including a workforce of nearly 34,000 members.
NNN Lease Structure: The asset is secured by a NNN lease, limiting landlord obligations and delivering a passive, management-light investment with predictable income, ideal for out-of-state and hands-off investors.
3% Annual Rent Increases: The lease includes 3.00% annual rent escalations, providing consistent income growth and an effective hedge against inflation.
Core Diagnostic Infrastructure: The ±31,000 SF facility is utilized for pathology services, supporting essential diagnostic operations that underpin regional healthcare delivery.
Attractive 7.50% Cap Rate: The offering is priced at a 7.50% cap rate, offering a compelling return relative to comparable healthcare investments, driven by the strength of the Columbia, SC location and the tenant’s credit profile.
Strategic Columbia Location: Columbia, SC is a major hub for government, education, and healthcare—the asset benefits from a stable and growing economic base with strong demand for medical services.
Institutionally Backed Market: Columbia’s role as the state capital, combined with proximity to major interstates and healthcare systems, supports long-term real estate stability and tenant demand.
Potential Tax Advantages: Investors may benefit from accelerated depreciation through a cost segregation study due to the medical buildout.

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Kyle Matthews