44 + Mad
New York, NY, US, Americas
25,151 m²
JLL is pleased to exclusively offer for sale the PL Developments SLB (Sale-Leaseback) Portfolio (the “Portfolio”), a four-property Portfolio totaling 93,000 square feet in Copiague, Long Island, New York. The Portfolio is 100% occupied by PL Developments (the “Tenant”), a leading manufacturer, packager, and distributor of over-the-counter pharmaceutical products and consumer healthcare goods.
PL Developments will commit to a 15-year initial lease term and absolute triple-net master lease structure, creating an attractive passive income opportunity for single-tenant investors who seek stable, appreciating, long-term cash flow backed by strong tenancy.
The Portfolio represents a critical mass of irreplaceable, market dominant assets in the high barrier to entry and growth market of Long Island. Suffolk County’s strategic location provides direct access to all major through-fares and three airports on Long Island, as well as the populous and affluent New York metropolitan area.