Corporate-Guaranteed NNN Rite
For Sale
$1,900,000
801 Grow Avenue, Montrose, PA 18801
SINGLE_FAMILY - Montrose, PA
Property Size14,673 SF
Lot Size1.93 Acres
Price / SF$129.49
Days on Market480
Property Features for 801 Grow Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Security features
Security
Elementary school district
Montrose Area
Middle school district
Montrose Area
High school district
Montrose Area
Directions
Go down Grow ave and its at the end of street at intersection on the left
Standard status
Active
APN
124.11-1,006.00,000.
Size
14,673 SF
Lot size
1.93 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
26602
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2010
Floors in Building
1
Number of units
1
Roof type
Rubber
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Jacob W. Rosenstein · License #PA:RS369738
(570) 955-7338
Added: Apr 16, 2025
Changed: Jun 30
Last Checked: Aug 8 at 3:06PM
MLS# SC251693
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This absolute NNN Rite Aid property is offered with a corporate-guaranteed lease structure that places operating expenses on the tenant. The tenant covers property taxes, insurance, maintenance, and repairs, leaving no landlord responsibilities for day-to-day upkeep. The lease provides 5 years remaining on the initial term, plus six 5-year renewal options, as described in the offering materials.
The property is located at a high-traffic intersection of Grove Avenue (PA Route 706) and Route 29 in Montrose, Pennsylvania. The site’s placement at a major crossing supports ongoing storefront visibility in a commercial setting.
For buyers seeking a low-maintenance, long-term NNN retail asset, the described tenant responsibility framework is a key fit. The offering also states that renewal rent increases are built in at approximately 3.6 percent per renewal period, with extension options extending the potential term beyond the initial 5 years. Full financials and lease details are available upon request.
The property is located at a high-traffic intersection of Grove Avenue (PA Route 706) and Route 29 in Montrose, Pennsylvania. The site’s placement at a major crossing supports ongoing storefront visibility in a commercial setting.
For buyers seeking a low-maintenance, long-term NNN retail asset, the described tenant responsibility framework is a key fit. The offering also states that renewal rent increases are built in at approximately 3.6 percent per renewal period, with extension options extending the potential term beyond the initial 5 years. Full financials and lease details are available upon request.
Key Highlights
- Corporate‑guaranteed absolute NNN Rite Aid lease ensures truly passive income.
- 5 years remaining on the initial lease term plus six 5‑year renewal options, providing potential for 35+ years of stable cash flow.
- Rent increases of approximately 3.6 percent at each renewal period offer inflation protection.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 37%
Shops & Services 12%
Price Chopper Supermarkets
Groceries
17,380 visits/mo
0.5 miles
McDonald's
Dining
13,076 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,901 visits/mo
0.2 miles
Kwik Fill
Shops & Services
2,747 visits/mo
0.1 miles
AutoZone
Shops & Services
1,379 visits/mo
0.4 miles
Demographics for 18801, PA
7,829
Population
4,126
Households
1.9
Avg Household Size
48
Median Age
20%
College-Educated
90%
High-School Grad
179.6 sq mi
ZIP Area
44
Density / Sq Mi
$69,337
Median Household Income
$37,479
Median Earnings
$903
Median Rent
$226,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN pharmacy lease with tenant-paid expenses and Rite Aid credit backing under a long extension structure.
Where is this nnn property located?
The property is located at 801 Grow Avenue Montrose, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Corporate‑guaranteed absolute NNN Rite Aid lease ensures truly passive income.; 5 years remaining on the initial lease term plus six 5‑year renewal options, providing potential for 35+ years of stable cash flow.; Rent increases of approximately 3.6 percent at each renewal period offer inflation protection.
