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    801 Grow Ave Montrose, PA 18801

    For Sale
    $2,600,000

    SINGLE_FAMILY - Montrose, PA

    Type:Retail
    Property size:
    14,673 SF
    Lot size:
    1.93 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 801 Grow Ave

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security
    Zoning
    Commercial
    APN
    124.11-1,006.00,000.
    Size
    14,673 SF
    Lot size
    1.93 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2010
    Floors in Building
    1
    Number of units
    1
    Roof type
    Rubber

    ERA One Source Realty (570) 587-9999 [email protected]

    Listing agent Jacob W. Rosenstein (570) 587-9999

    Listing date Oct 28, 2025

    Copyright © 2025 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Rite Aid Investment Opportunity

    This property presents an opportunity to acquire a corporate-guaranteed, absolute NNN Rite Aid lease, offering passive income with no landlord responsibilities. The tenant is responsible for all expenses, including property taxes, insurance, maintenance, and repairs. The lease has 5 years remaining on the initial term, along with six 5-year renewal options, providing the potential for over 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. The property is suitable for retail and specialty purposes. The lot size is 1.93 acres and the property size is 14673 square feet. Rite Aid is a well-established national pharmacy chain. This property is ideal for buyers seeking a low-maintenance, long-term NNN asset with corporate credit backing and future upside through extension options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Rite Aid Drug Store Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm CDReload - Online Bitcoin ... Crypto Atm

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Law Firm Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Price Chopper Pharmacy, Rite Aid Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Susquehanna
    State
    Pennsylvania
    Longitude
    -75.861622
    Latitude
    41.839857

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    FAQs

    What type of property is this?
    Drug store - Corporate-backed Rite Aid with passive income and renewal options.
    Where is this drug store located?
    The property is located at 801 Grow Ave Montrose, PA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Corporate-guaranteed, absolute NNN Rite Aid lease provides truly passive income.; - 5 years remaining on the initial lease term plus six 5-year renewal options, offering potential for 35+ years of stable cash flow.; - Rent increases of approximately 3.6 percent at each renewal period offer inflation protection.
    (570) 587-9999
    Request Owner's contact information
    801 Grow Ave Montrose, PA 18801
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    Montrose, PA 18801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 Grow Ave Montrose, PA 18801
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