801 Grow Avenue, Montrose, PA 18801
$1,900,000
Property Type:
Commercial Sale
Square Footage:
14,673
Lot Size (sq. ft.):
84,071
Status:
Active
Current Price:
$1,900,000
List Date:
2/04/2026
Last Modified:
6/30/2026
Listing Details MLS# SC-251693
General Property Information
- Number Of Units Total
- Yes
- Building Area Total
- 14673
- Building Area Total (Report Only)
- 14673
- Enhanced Accessible
- Yes
- Year Built
- 2010
- Lot Size Acres
- 1.93
- Lot Size Dimensions
- 292x323x82x382x117
- Waterfront YN
- No
- Stories
- Yes
- Auction YN
- No
- List Price/SqFt
- 129.49
Property Features
Business Type:
Retail
Owner Pays:
None
Possible Use:
Retail
Road Surface Type:
Paved
Roof:
Rubber
Security Features:
24 Hour Security; Building Security
Sewer:
Public Sewer
Structure Type:
Retail
Tenant Pays:
All Utilities
Utilities:
Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Listing Contract Date
- 2025-04-16
- Property Sub Type
- Retail
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Monroe Montrose LLC
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 801
- Street Name
- Grow
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18801
- County
- Susquehanna
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-06-30T14:45:07Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-06-30T14:45:07Z
- Status Change Timestamp
- 2026-02-04
- Back on Market Date
- 2026-02-04
More Information
Listing Office:
ERA One Source Realty
Last Updated: June - 30 - 2026
Information deemed reliable but not guaranteed.