801 Grow AVE, Montrose, PA 18801
801 Grow AVE, Montrose, PA 18801
801 Grow AVE, Montrose, PA 18801
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John Davison

John Davison

+1(484) 986-7388
Listed by Jacob W. Rosenstein ERA One Source Realty
$2,300,000
Est. payment /mo
14,673 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 14,673 sqft

Price per Sqft $156

MLS Listing ID GSBSC251693

Total Fin. Sqft 14673

Year Built 2010

Annual Tax Amount $26,601

Tax Year 2024

Lot Size 1.930 Acres

Acres 1.93

Lot Dimensions 292x323x82x382x117

Property Sub-Type Retail

Source scranton

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.

Location

State PA

County Susquehanna

Area 14673

Zoning Commercial

Direction Go down Grow ave and its at the end of street at intersection on the left

Interior

Fireplace No

Exterior

Utilities Available Cable Connected, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected

View Y/N Yes

Roof Type Rubber

Street Surface Paved

Building

Story 1

Sewer Public Sewer

Water Public

Schools

School District Montrose Area

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Greater Scranton Board of Realtors (SMLS)
© 2026 Listings courtesy of Greater Scranton MLS as distributed by MLS GRID. All Rights Reserved.

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John Davison
John Davison

+1(484) 986-7388 | john@digz.house

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