801 Grow Avenue Montrose, PA 18801

Building Details

Year Built

2010

Listing Agency ERA One Source Realty s***@gmail.com Show Phone

Listed by Jacob W. Rosenstein · License #RS369738 Show Phone

Source Exitrealty

Added: Apr 16, 2025 Checked: Jul 16 at 8:08 am

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Investment Insights

Based on property information with market context.

This is an opportunity to acquire a corporate-guaranteed, absolute NNN Rite Aid lease. The tenant is responsible for all expenses, including property taxes, insurance, maintenance, and repairs. The lease has 5 years remaining on the initial term, with six 5-year renewal options. Rent increases are built in at approximately 3.6 percent per renewal period. The property is located at the intersection of Grove Avenue (PA Route 706) and Route 29 in Montrose, PA. The property is 14,673 square feet. Rite Aid is a national pharmacy chain. This property is suited for buyers seeking a low-maintenance, long-term NNN asset with corporate credit backing and future upside through extension options.

Key Highlights

• Corporate‑guaranteed, absolute NNN Rite Aid lease ensures truly passive income with no landlord responsibilities.
• 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 provide inflation protection.

Property Analytics

Property Profile Location Intelligence

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FAQs

What type of property is this?

NNN property - Corporate-guaranteed Rite Aid NNN lease in Montrose, PA for sale.

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 $2,300,000.

What are key features of this property?

This property features: Corporate‑guaranteed, absolute NNN Rite Aid lease ensures truly passive income with no landlord responsibilities.; 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 provide inflation protection.