A 2,500 square foot NNN property at 485 Merrick Road in Rockville Centre sold for $2.15 million in November 2025 at a 5.8% cap rate — $860 per square foot. The tenant is Mt. Sinai Hospital. Medical NNN in a strong Nassau County downtown market.
Medical tenants are among the most stable NNN plays on Long Island. Northwell, Mount Sinai, NYU — these systems don’t close locations. If you own a medical NNN and are thinking about your options, give me a call.