Commercial For Sale near Lake Montrose
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.Property Details
- Beds: 0
- Baths: 0.0
- Sq Feet: 14673
- Year Built: 2010
- Location: Lake Montrose
- Acres: 1.930
- County: Susquehanna County
- Roof: Rubber
- Stories: 1
- Property Taxes: $26,602
- MLS #: SC251693
Location
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Contact Information:
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Listing Agent: Jacob W. Rosenstein, ERA One Source Realty, 570-955-7338, 570-587-9999 Listing Site, Listing Status: Active
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.
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Ad Statistics:
| Ad Number : | 7228337 |
| Viewed: | 10 times |
| Added: | Feb 04, 2026 |
| Updated on: | Feb 06, 2026 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
