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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
14,673
acreage
Acreage
1.93
open houses
Open Houses
-
year built
year built
2010
full baths
Full Baths
0
half baths
Half Baths
0
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
Subdivision -
County Susquehanna
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: SC251693
Listing agent: Jacob W. Rosenstein #RS369738
Listing broker: Era One Source Realty (570) 587-9999
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.   [source]
Last update: Wednesday, April 16 2025 at 5:25 p.m. EDT
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