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Property Description

This is a rare opportunity to acquire a corporate-guaranteed, absolute NNN Rite Aid lease with no landlord responsibilities. The tenant covers all expenses, including property taxes, insurance, maintenance, and repairs, ensuring truly passive income. The lease features 5 years remaining on the initial term plus six 5-year renewal options, providing potential for 35+ years of stable cash flow. Rent increases are built in at approximately 3.6 percent per renewal period, offering inflation protection.The property is strategically located at the high-traffic intersection of Grove Avenue (PA Route 706) and Route 29 in Montrose, PA, ensuring strong visibility and long-term tenant viability. Rite Aid is a well-established national pharmacy chain, adding further security to this investment.Ideal for buyers seeking a low-maintenance, long-term NNN asset with corporate credit backing and future upside through extension options. Full financials and lease details are available upon request.

Features
: Public Sewer
: Sewer Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Connected, Phone Connected
Address Map
US
PA
Susquehanna
Montrose
18801
Grow
801
Avenue
Go down Grow ave and its at the end of street at intersection on the left
Commercial
Neighborhood
Montrose Area
Additional Details
ERA One Source Realty
Jacob W. Rosenstein
Montrose Area
$0
$0
$0
$0
Additional Information
14673
Retail
292x323x82x382x117
1
Retail
1
: Public
Financial
26601.94
Listing Information
Richard Feibus
feirf01
132
ERA One Source Realty
jr9738
132
Active
2025-04-18T17:56:26Z
GSBR
2025-04-16T05:00:00Z

Commercial Sale For Sale

801 Grow Avenue, Montrose, Pennsylvania 18801

14,673
$3,800,000
Listing ID #SC251693
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : SC251693
Ref ID : GSB20250416173034483982000000
Price : $3,800,000
Living Area : 14,673
Year Built : 2010
Lot Area : 1.93 Acre
Status : Active
Property Sub Type : Retail
Roof : Rubber
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