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33252977
33252935

5 MEDICAL DR, PORT JEFFERSON STATION, NY 11776-1601

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$2,150,000
7 days on market
Updated 7 days ago

5 Medical Dr, Port Jefferson Station, NY

Details
APN 0200161000700017006
Property Type Office
Sub Type Medical Office
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 1
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 11/30/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options Two, (5)
Price per SqFt $538
Class B
Year Built 1978
Buildings 1
Acreage 0.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/15/2022
Sale Condition N/A

Medical Office | 4,000 SqFt | Unmatched Access to Regional Healthcare Infrastructure

Marketing description

  • NN Lease with True North Neurology.
  • The property is leased to True North Neurology, a full‑service Neurology, Headache Medicine, and Sleep Medicine practice with more than 30 years of combined experience treating neurological disorders. The tenant further enhances the property’s clinical capabilities by operating an on‑site MRI machine, strengthening patient convenience and reinforcing long‑term demand for the location.
  • The property also sits at the center of a premier North Shore medical corridor, offering unmatched access to regional healthcare infrastructure. Within minutes are three major hospitals: Stony Brook Medicine (648 beds, Level 1 Trauma Center), Catholic Health St. Charles Hospital (243 beds), and Northwell Mather Hospital (249 beds), each among the region’s leading healthcare institutions. This concentration of high‑acuity providers drives durable medical‑office demand and supports long‑term tenant retention.

Investment highlights

Marcus & Millichap is proud to present for sale 5 Medical Drive (“Subject Property”), a medical office building located in Port Jefferson Station, NY.

The property is leased to True North Neurology, a full‑service Neurology, Headache Medicine, and Sleep Medicine practice with more than 30 years of combined experience treating neurological disorders. The tenant further enhances the property’s clinical capabilities by operating an on‑site MRI machine, strengthening patient convenience and reinforcing long‑term demand for the location.

The property is strategically positioned within a dense, affluent, and highly trafficked corridor. Surrounding demand drivers include Port Plaza, Three Roads Plaza, and Nesconset Plaza, each contributing to consistent daily traffic and strong consumer activity. The location also benefits from proximity to the Port Jefferson LIRR Station, providing direct commuter access andreinforcing long‑term stability for both tenants and investors.

The corridor continues to strengthen with new residential development, most notably Mt. Sinai Meadows, a recently completed 140‑unit luxury community representing an investment of approximately $65 million. This project adds meaningful residential density and increases the local daytime population—further supporting medical‑office demand in the immediate trade area.

The property also sits at the center of a premier North Shore medical corridor, offering unmatched access to regional healthcare infrastructure. Within minutes are three major hospitals Stony Brook Medicine (648 beds, Level 1 Trauma Center), Catholic Health St. Charles Hospital (243 beds), and Northwell Mather Hospital (249 beds), each recognized among the region’s leading healthcare institutions. This concentration of high‑acuity providers drives durable medical‑office demand and supports long‑term tenant retention.

The surrounding demographics underscore the property’s long‑term viability: over 73,000 residents within a three‑mile radius and an average household income exceeding $157,000. With its strong tenancy, prime positioning, and proximity to major retail, transit, residential growth, and healthcare anchors, 5 Medical Drive represents a compelling opportunity for investors seeking stable income and long‑term value growth.

Listing Contacts

MT
NY 10401244358
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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