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About This Home
This 0-bedroom, 0-bathroom commercial at 801 Grow Avenue in Montrose, PA is listed for $2,300,000 ($157 per sqft). Built in 2010, the home offers 14,673 sqft of living space on a 1.93 acres lot.
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.
Key Features
- Built in 2010
- 1.93 acre lot
Property Details
Monthly Cost Estimate
$12,301/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
801 Grow Avenue
Montrose, PA 18801
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 801 Grow Avenue is listed at $2,300,000 ($157/sqft). The estimated monthly payment is $9,967 based on 20% down at 6.5% interest.
Key features include: Built in 2010, 1.93 acre lot.
This property is listed by Jacob W. Rosenstein and can be reached at 5709557338 or scrantonera@gmail.com.