225 Columbia Mall Dr - Dunham's Sports 61,178 SF Retail Condo Unit Offered at $3,925,937 in Bloomsburg, PA 17815

Capital Commercial Partners is pleased to bring to the market this Dunham’s Sports Condo located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with corporate guaranty from Dunham’s. The original lease was 7 years and the tenant just exercised their second 5 year option period expiring March 2029. This is an extremely busy location for the tenant with Dunham’s paying $103,000 in percentage rent in 2024. The mall is undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place. The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It’s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings. Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It’s the county seat and the only incorporated town in PA.. This is a unique opportunity for an investor to acquire a great location, excellent return, corporate guarantee, tremendous upside with the mall redevelopment, and at only $64.17 price per square foot; substantially below replacement cost of more than $200 PSF. The roof & HVAC’s were replaced in 2011 upon lease commencement.