Rite Aid NNN Lease
801 Grow Avenue, Montrose, PA 18801
SINGLE_FAMILY - Montrose, PA
Type:Retail
Property size:
14,673 SFLot size:
1.93 AcresPrice / SF:
$156/SF- Added:
- Apr 16, 2025
- Days on Market:
- 400
- Last Refresh:
- May 20 at 8:06 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
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.
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
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. The property is suitable for buyers seeking a low-maintenance, long-term NNN asset with corporate credit backing and future upside through extension options. The property size is 14673 square feet and the lot size is 1.93 acres. The property is zoned commercial. The property is located in Susquehanna County, in Montrose, PA. Rite Aid is a well-established national pharmacy chain, adding further security to this investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rite Aid Pharmacy
Pharmacy
Rite Aid
Pharmacy
Western Union
Bank
Coinhub Bitcoin ATM ...
Atm
CDReload - Online Bitcoin ...
Atm
Similar Places Nearby
- Price Chopper Pharmacy — 16750 PA-706 Suite 5, Montrose, PA 18801
- Rite Aid Pharmacy — 801 Grow Ave, Montrose, PA 18801
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Susquehanna
- State
- Pennsylvania
- Longitude
- -75.861622
- Latitude
- 41.839857
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Corporate-guaranteed NNN Rite Aid lease with renewal options.
Where is this drug store 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.; 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.
