Capital Commercial Partners is pleased to bring to the market this Dunham’s Sports 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 is in the first 5 year option period expiring May 2023.? The roof & HVAC were replaced in 2011 upon lease commencement.? This is a very busy location for the tenant with Dunham’s sales in excess of $7.5M.?
Geisinger Health Systems just closed on 72 acres of land surrounding the mall and is developing a $500-$600M new hospital, orthopedic surgery center, assisted living, welcome center, and parking garage.?
This will drive substantial traffic and the mall is currently undergoing a complete transformation.?
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 a price per square foot of only $42.80.?