Ollie's Brand New 8 Year Lease

Highlights:

• Corporate guaranty from Ollie’s with $6B+ market cap
• Replaceable rents at $9 PSF with .35 PSF rent increases in options
• Ollie’s space will have new roof , HVAC’s, and parking lot
• Mall to be completely transformed into open air lifestyle center
• 46,000 cars per day
• Priced at only $94.55 PSF and well below replacement cost of $250+ PSF

Description:

Capital Commercial Partners is pleased to bring to the market this Ollie’s Condo located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with corporate guaranty from Ollie’s. The tenant executed a new 8-year lease with a rent commencement of December 15, 2024. Ollie’s agreed to a higher rent structure than they normally pay at $9 PSF demonstrating their expectation for strong store sales.

Tenant open for business and paying rent.

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.

This is a unique opportunity for an investor to acquire a great location, excellent return, corporate guaranty, tremendous upside with the mall redevelopment, and at only $94.55 per square foot; substantially below replacement cost of more than $250 PSF. The condo will be delivered with brand new roof, HVAC’s, and parking lot.