225 Columbia Mall Dr Bloomsburg, PA 17815

This investment-grade property presents a compelling opportunity. A 16,241 square foot storefront in Bloomsburg, Pennsylvania, is available for purchase. The property is a Class B retail condo currently 100% occupied by Michaels Stores under a new 10-year net lease (NNN) expiring July 30, 2033, with a corporate guarantee. The lease includes 10% rent bumps every five years and four to five lease options. The asking price is $2,724,296, representing a 7.75% capitalization rate and a price per square foot of $167.74. The Net Operating Income (NOI) is $211,133. The condo underwent a complete renovation in 2024, including a new roof, HVAC system, plumbing, electrical work, and parking lot. The Columbia Mall, where this property is located (225 Columbia Mall Dr unit a, Bloomsburg, PA 17815), is undergoing a transformation into an open-air lifestyle center, experiencing high traffic with 46,000 cars passing daily. The property benefits from its proximity to Bloomsburg University, a significant population center. The occupancy date is July 1, 2024. This is a strong, stable investment with a long-term tenant and significant upside potential due to the ongoing mall redevelopment.