Corporate-Guaranteed NNN
For Sale
$1,900,000
801 Grow Avenue, Montrose, PA 18801
Commercial Sale, Montrose, PA
Property Size14,673 SF
Lot Size1.93 Acres
Price / SF$129.49
Days on Market524
Property Features for 801 Grow Avenue
General Information
Property type
Commercial Sale
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: Aug 19
Last Checked: Sep 21 at 12:06AM
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 14,673-square-foot commercial property was built in 2010 and is occupied by Rite Aid under a corporate-guaranteed absolute NNN lease. The arrangement assigns property taxes, insurance, maintenance, and repairs to the tenant, leaving no routine landlord obligations identified in the lease structure. The building has a rubber roof and is served by public water and public sewer.
The initial lease term has 5 years remaining, followed by six 5-year renewal options. Contractual rent adjustments are approximately 3.6 percent at each renewal period. The 1.93-acre site is zoned Commercial and forms part of the broader Montrose retail setting in Susquehanna County, Pennsylvania.
The initial lease term has 5 years remaining, followed by six 5-year renewal options. Contractual rent adjustments are approximately 3.6 percent at each renewal period. The 1.93-acre site is zoned Commercial and forms part of the broader Montrose retail setting in Susquehanna County, Pennsylvania.
Key Highlights
- Corporate‑guaranteed absolute NNN Rite Aid lease
- 14,673‑square‑foot building on 1.93 acres
- 5 years remain on the initial lease term
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Retail pharmacy asset with an absolute NNN lease and public water and sewer service.
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; 14,673‑square‑foot building on 1.93 acres; 5 years remain on the initial lease term
