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Dunham’s Sports

225 Columbia Mall Dr. Bloomsburg, PA

Dunhams_logo

Price: 

$2618823

Cap:

8.50%

NOI:

$222600

Square Footage:

61,178

Lot Size:

0 Acres

Year Built/Remodeled:

2011

PENNSYLVANIA BROKER OF RECORD: REALTY MARK ASSOCIATES

Property Description: 

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 paying $75,000 in percentage rent in 2020.

The mall is undergoing a complete transformation with Geisinger Health being the anchor tenant of the overall development.

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.

Investment Highlights:

Corporate guaranty from Dunham’s
Very strong store sales with 2% percentage rent
Located in Columbia Colonnade Mall
Mall currently being redeveloped with Geisinger Health as anchor

Financial Summary:

All Cash

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