NEW OFFERING!

Two-Tenant Verizon and Mattress Warehouse

Mt. Pocono, PA

The Opportunity

Price: $2,586,000
Cap Rate: 7.00%
NOI: $181,034
Building Size: 6,325 SF
Parcel Size: 1.35 Acres
Year Built: 2021

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, backs its lease with a full corporate guaranty, 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 yearround 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. Mattress Warehouse provides a corporate lease guaranty, while 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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Tenants

MATTRESS WAREHOUSE

Ownership: PRIVATE

Credit Rating: N/R

Headquarters: FREDERICK, MD

# of Locations: 500+

Mattress Warehouse opened its first store in November 1989 in Frederick, Maryland and has since grown to over 500 stores becoming the 2nd largest mattress retailer in the United States. For the past thirty five years, Mattress Warehouse has made it their mission to improve the lives of their customers through quality sleep. Offering the largest selection of quality brand bedding, Mattress Warehouse carries quality names including TEMPUR-Pedic, Casper, Serta, Sealy, Stearns, & Foster, and more. In addition to mattresses, they carry a wide variety of pillows, sheets, mattress protectors, to help their customers get the best sleep possible. In 2025, Mattress Warehouse added the Sleep Outfitters brand to the Mattress Warehouse family allowing us to serve more customers in these new markets.

VERIZON

Ownership: PUBLIC (NYSE: VZ)

Headquarters: NEW YORK, NY

# of Locations: 6,000+ (Verizon) 75+ (Wireless Nation – Authorized Retailer)

Verizon Communications, Inc. (“Verizon”) is an American multinational telecommunications conglomerate headquartered in Manhattan, New York. Created in June of 2000, Verizon Communications started as a joint venture of American telecommunications firm, Bell Atlantic and GTE Corp. in one of the largest mergers in U.S. business history. Prior to the merger, GTE had been the largest independent telephone company in the U.S. It provided local and wireless service in 29 states, as well as nationwide long distance and internet services for residential and business customers. Today, the company offers the largest 4G LTE network in America and the nation’s largest highspeed 3G network. For residential customers, Verizon FiOS is America’s largest 100% fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality. For large businesses, Verizon is a global IP leader, operating one of the world’s most connected public Internet backbone networks, delivering solutions that let customers securely connect, communicate and collaborate around the globe. As of the second quarter of 2025, Verizon increased their total wireless service revenue to $20.9 billion. Their total consolidated revenue totaled $34.5 billion, a 5.2% increase over the same quarter in the previous year. Verizon ranked #30 on the Fortune 500 for 2025. The property is operated by Wireless Nation, a premier Verizon authorized retailer. The Wireless Nation team consists of over 250 team members, led by Joe Hathiramani and currently operates over 75 locations across Virginia, Maryland, Delaware, Pennsylvania, and New Jersey with plans to expand into further markets.