Properties


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
Sewer:
Public Sewer
Utilities:
Sewer Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Connected, Phone Connected
Address Map
Country:
US
State:
PA
County:
Susquehanna
City:
Montrose
Zipcode:
18801
Street:
Grow
Street Number:
801
Street Suffix:
Avenue
Directions:
Go down Grow ave and its at the end of street at intersection on the left
Zoning:
Commercial
Neighborhood
High School District:
Montrose Area
Additional Details
Office Name:
ERA One Source Realty
Agent Name:
Jacob W. Rosenstein
School District:
Montrose Area
Land Value:
$0
Total Assessment:
$0
PreviousListPrice:
$0
OriginalListPrice:
$0
Additional Information
Building Size:
14673
Business Type:
Retail
Lot Size Dimensions:
292x323x82x382x117
Number Of Units Total:
1
Possible Use:
Retail
Previous Price:
2300000
Stories:
1
Water Source:
Public
Financial
Tax Annual Amount:
26601.94
Listing Information
Co List Agent Full Name:
Richard Feibus
Co List Agent Mls Id:
feirf01
Co List Office Mls Id:
132
Co List Office Name:
ERA One Source Realty
List Agent Mls Id:
jr9738
List Office Mls Id:
132
Mls Status:
Active
Modification Timestamp:
2026-06-30T14:46:26Z
Originating System Name:
GSBR
Status Change Timestamp:
2026-02-04T06:00:00Z

Commercial Sale For Sale 801 Grow Avenue, Montrose, Pennsylvania 18801

801 Grow Avenue, Montrose, Pennsylvania 18801

14,673 Sqft
$1,900,000
Listing ID #SC251693
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Listing ID :
SC251693
Ref ID :
GSB20250416173034483982000000
Price :
$1,900,000
Living Area :
14,673 Sqft
Year Built :
2010
Lot Area :
1.93 Acre
Status :
Active
Property Sub Type :
Retail
Roof:
Rubber
Agent info
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