# 801 Grow Avenue, Montrose, PA 18801

> **TL;DR:** commercial, $2,300,000 ($157/sqft), built 2010, 14,673 sqft. Est. $9,967/mo. Listed 411 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,300,000 |
| Price/sqft | $157 |
| Square Feet | 14,673 |
| Year Built | 2010 |
| Lot Size | 84,071 sqft (1.93 acres) |
| Stories | 1 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 411 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,967 |
| **Total** | **$9,967** |

## Property Highlights

- Built in 2010
- 1.93 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 801 Grow Avenue, Montrose, PA 18801
- **County:** Susquehanna
- **Coordinates:** 41.839857, -75.861622
- **Google Maps:** https://www.google.com/maps?q=41.839857,-75.861622

## Listing Agent

- **Name:** Jacob W. Rosenstein
- **Brokerage:** ERA One Source Realty
- **Phone:** 5709557338
- **Email:** scrantonera@gmail.com

## Primary Photo

![801 Grow Avenue - Primary Photo](http://lh.rdcpix.com/98245141a0f1e4721a8e784e65755aafl-f2989106068r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/801-grow-avenue-montrose-pa-18801-sc251693)*

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**MLS#:** SC251693 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/801-grow-avenue-montrose-pa-18801-sc251693)

---

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