Columbia Kmart

3975 Columbia Ave., Columbia, PA 17512

For Sale: Negotiable

86,721 SF

Columbia Kmart

3975 Columbia Ave., Columbia, PA 17512

For Sale: Negotiable

86,721 SF

  • Columbia Kmart

Property Details


Building Size:

86,721 SF

Property Type:

Freestanding

Price:

Negotiable

Sale Type:

Single Tenant

Building Status:

Existing

Investment Highlights


  • The Asset offers the highly desirable opportunity for investors to redevelop or repurpose the box-space in the near-term as landlord retains the strategic right to recapture 50% of the space at limited costs, enabling significant income uptick.
  • The Property benefits from a fantastic location, situated directly off of the Route-30 on-ramp with access to 75,630 VPD. Route-30 provides accessibility to an abundance of commuters from Pittsburgh to southern New Jersey.
  • Musser’s Market serves as a shadow anchor, increasing consumer traffic at the location. The only grocer within 1.5 miles of the Property, Musser’s Market is the primary grocer for immediate consumer base.
  • Kmart is currently paying a full NNN rent on the Property, which will enable investors to earn a healthy cash flow and reduce basis prior to a redevelopment and increase in rental rate.

Project Description


The Property offers the opportunity for investors to create significant value redeveloping or repurposing the box space in the near-term.​ The asset provides the landlord the right to recapture 50% of the space at limited costs, enabling ownership to significantly increase the income.​ The Property’s location, along a major retail corridor and adjacent to significant traffic drivers, will enable a buyer to acquire significant interest and ultimately strong end-users for the space.​

Property Location:



3975 Columbia Avenue, Columbia, PA, USA

Brokers

Abe Khan

Senior Sales & Leasing Associate, Retail
717.843.5555 x231

717.891.0836

akhan@bennettwilliams.com

Brad Rohrbaugh
Brad Rohrbaugh
Executive VP, Retail Director 717.843.5555

717.891.7368

brohrbaugh@bennettwilliams.com

Chad Stine

President & CEO
717.843.5555

717.968.7505

cstine@bennettwilliams.com

More Info