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801 Grow Avenue, Montrose, PA 18801

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For Sale

$2,600,000

14,673 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $177.20
    Price per square foot

  • 11-20 Years Old
    Age

Explore this Property

This is a rare opportunity to acquire a corporate-guaranteed, absolute NNN Rite Aid lease with no landlord responsibilities. The tenant covers all expenses, including property taxes, insurance, maintenance, and repairs, ensuring truly passive income. The lease features 5 years remaining on the initial term plus six 5-year renewal options, providing potential for 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 and long-term tenant viability. Rite Aid is a well-established national pharmacy chain, adding further security to this investment.Ideal for buyers seeking a low-maintenance, long-term NNN asset with corporate credit backing and future upside through extension options. Full financials and lease details are available upon request.
MLS# SC251693

Courtesy Of ERA One Source Realty

(570) 587-9999

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Security System, Security System
  • Lot Size
    1.93 Acres

Map and Directions

Directions to 801 Grow Avenue, Montrose, PA 18801

Home seller CENTURY 21 Jackson Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Jackson Real Estate

(570) 432-9511
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Monthly Payment Breakdown

  • Principle and Interest
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.