801 Grow Avenue, Montrose, PA 18801
SINGLE_FAMILY - Montrose, PA
- Added:
- Apr 16, 2025
- Days on Market:
- 447
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 801 Grow Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- Commercial
- Security features
- Security
- 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 agent Jacob W. Rosenstein License #RS369738 (570) 955-7338
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Apr 16, 2025
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.
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.
- Strategically located at the high‑traffic intersection of Grove Avenue (PA Route 706) and Route 29 in Montrose, PA, ensuring strong visibility.
- Rite Aid is a well‑established national pharmacy chain, adding further security to this investment.
- Property was built in 2010 and has a rubber roof.
Overview
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.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Susquehanna
- State
- Pennsylvania
- Longitude
- -75.861622
- Latitude
- 41.839857
