Two-Tenant Mattress Warehouse and Verizon
100% Occupied By National Tenants | NNN Leases | 75+ Unit Operator (Verizon)
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple condominium interest in a 100% occupied, two-tenant property leased to Mattress Warehouse and Verizon, (the “Property”) in Mt. Pocono, Pennsylvania, a high-demand market in the heart of the Pocono Mountains. Both tenants operate under true triple-net (NNN) leases, providing investors with minimal management responsibilities and predictable, low-maintenance income. Mattress Warehouse, a rapidly growing retailer with over 500 locations, while Verizon is operated by an experienced premier retailer managing more than 75 locations, ensuring strong credit quality and operational stability. The property boasts a prime location along PA-940, offering excellent visibility to 17,900 vehicles per day and convenient access less than two miles from Interstate 380 (30,500 VPD), a major connector to Interstates 80, 81, and 84. This strategic positioning places the property within a dynamic trade area that serves as both a key commuter hub for New York City and Northern New Jersey and a year round destination for tourism, driving consistent consumer demand. Surrounded by an affluent customer base with average household incomes exceeding $100,000 within a two-mile radius, the location benefits from exceptional purchasing power. The strength of the retail corridor is further evidenced by convincing market performance: Verizon ranks in the 75th percentile among stores in Pennsylvania, while nearby national anchors Walmart Supercenter and ALDI rank in the top 80th and 88th percentiles nationally, underscoring the vitality and long-term stability of this retail destination.
Investment highlights
100% OCCUPIED BY ESTABLISHED NATIONAL TENANTS – The property is 100% leased to two nationally recognized brands: Mattress Warehouse, a rapidly expanding retailer with over 500 locations, and Verizon, one of the most powerful names in wireless communications. Verizon is operated by a seasoned authorized retailer with a portfolio exceeding 75 locations, ensuring strong credit quality and operational stability.
NNN LEASES – Both Mattress Warehouse and Verizon operate under true NNN leases, offering investors minimal management responsibilities and a stable, low-maintenance income stream.
PRIME LOCATION – Positioned along PA-940 with visibility to 17,900 vehicles per day, the property is located in the heart of Mt. Pocono. This thriving market serves as a key commuter hub for New York City and Northern New Jersey while maintaining its appeal as a year-round vacation destination, creating strong and diverse demand drivers for retail.
STRATEGIC INTERSTATE ACCESS (I-380 – 30,500 VPD) – The property is strategically located less than two miles from Exit 3 off of Interstate 380, a key auxiliary Interstate Highway boasting 30,500 VPD and connecting Interstate 80 with Interstates 81 and 84.
HIGH-PERFORMING RETAIL CORRIDOR (PLACER.AI) – The surrounding retail trade area demonstrates exceptional strength, with multiple national retailers ranking among the top performers in the country. Verizon store ranks in the top 75th percentile within Pennsylvania, while the nearby Walmart Supercenter and ALDI both outperform the majority of their chain locations nationwide, ranking in the top 80th and 88th percentiles respectively underscoring the vitality and stability of this retail corridor.
BUSTLING RETAIL CORRIDOR – The property is surrounded by a host of national retailers such as: Walmart Supercenter, Lowe’s Home Improvement, ShopRite, Weis Markets, ALDI, Wells Fargo Bank, PNC Bank, CVS Pharmacy, Five Below, Tractor Supply Co., Harbor Freight, Planet Fitness, AutoZone, Advance Auto Parts, , Mavis, , Dollar Tree, Wawa, McDonald’s, Dunkin’, Starbucks, Popeyes, Taco Bell, Wendy’s, , Burger King, and Wingstop demonstrating the strength of the retail corridor.
AFFLUENT DEMOGRAPHICS – The property is surrounded by a highly affluent customer base, with average household incomes exceeding $100,000 within a 2-mile radius. This strong purchasing power supports premium retail performance and long-term tenant stability.
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