3170 Middle Country Rd
Lake Grove, NY 11755
Mattress Firm · Retail Property For Sale

Marcus & Millichap is pleased to present a single tenant net leased Mattress Firm located in Lake Grove (Suffolk County) New York. Mattress Firm is situated on a 0.75 acre lot with proximity to various shopping malls occupied by numerous national retail tenants. Mattress Firm is directly adjacent to DSW Plaza at Lake Grove and across the street from Lake Grove Shopping Center and Smith Haven Mall (1,400,000 SF). The free standing Mattress Firm has been operating in this location since the early 1990’s and has 5 plus years remaining with 1- Five year option. This site is positioned on a highly trafficked T-section at Middle Country Road and New Moriches Road. Tenant has been in same location for 25+ years. This offering provides an investor the opportunity to purchase a NNN single-tenant asset with minimal landlord responsibilities in an affluent market experiencing dynamic population growth. Given its sound fundamental real estate attributes, this Mattress Firm location presents an excellent opportunity for an investor seeking a stable, high-quality, retail asset for a long-term hold strategy within a low-velocity, high income submarket. Within a 5-mile radius of Lake Grove, the average household income is $128,787among the 227,342 individuals who resides within a 5-mile radius of the subject property. The asking price of $2,400,000 represents a 9.01 percent cap rate.