225 Columbia Mall DrBloomsburg, PA 17815

This investment opportunity presents a stabilized, Class B, 30,000 square foot retail storefront condo located at 225 Columbia Mall Dr #B, Bloomsburg, PA 17815. Currently 100% occupied by a single tenant under a gross lease with a remaining term of 9.2 years (commencing January 1, 2024 and expiring January 31, 2034). The lease includes 10% rent bumps every 5 years and options for renewal (2-10 years). The asking price is $1,426,470, representing a compelling 8.50% cap rate and a price per square foot of $47.54. The property boasts a strong Net Operating Income (NOI) of $121,250. Significant recent improvements include a 2024 renovation and roof & HVAC replacements in 2017. The tenant, a well-established furniture outlet, has occupied the space since 2017 and has been in business since 1981. The Columbia Mall is undergoing a transformation into an open-air lifestyle center, with new tenants anticipated in November 2024, and is adjacent to a new Geisinger Health Systems hospital campus. This prime location benefits from proximity to Bloomsburg University, enhancing its appeal and potential for future growth. The property offers a unique blend of immediate return and long-term upside potential, significantly below replacement cost.