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Investment Highlights

  • NN Lease with True North Neurology.
  • ?The property also sits at the center of a premier North Shore medical corridor, offering unmatched access to regional healthcare infrastructure.?
  • True North Neurology is a full-service Neurology, Headache Medicine, and Sleep Medicine practice with more than 30 years of experience.

Executive Summary

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 and reinforcing 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.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,000 SF
Building Class
B
Year Built
1978
Price
$2,974,633 CAD
Price Per SF
$743.66 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,000 SF
Slab To Slab
10’
Building FAR
0.17
Lot Size
0.55 AC
Parking
25 Spaces (6.25 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0200-161-00-07-00-017-006
Land Assessment
$1,384 CAD
Improvements Assessment
$6,918 CAD
Total Assessment
$8,301 CAD
  • Listing ID: 40753752

  • Date on Market: 2026-06-02

  • Last Updated:

  • Address: 5 Medical Dr, Port Jefferson Station, NY 11776

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