1826-2133 North West Avenue - Supermarket FOR SALE
El Dorado, AR 71730 |
$12,900,000 USD
737-205-2056
1826-2133 North West Avenue
El Dorado, AR 71730
HIGHLIGHTS
- Mellor Park is the dominant shopping center in El Dorado and boasts a strong national tenant mix, including TJ Maxx, Hobby Lobby, and more!
- The property is a value-add regional mall that is currently 81.5% occupied, creating an opportunity for NOI appreciation by filling the vacant suites.
- TJ Maxx and Citi Trends both report exceptional sales — reach out for details.
- Future development is supported by the large rear parking field, which offers approximately 5 acres of land with redevelopment potential.
- The site includes three pad sites, including Applebee's, Yamato Japanese Restaurant, and Red River Credit Union, providing flexibility in the future.
- Bealls has executed a 10-year lease and just opened for business in October 2024.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 237,519 SF Mellor Park Mall located at 1826–2133 N West Ave in El Dorado, AR. As the dominant shopping destination in El Dorado, Mellor Park Mall features a mix of strong national retailers, including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show, and Applebee’s. The vacancy and potential redevelopment of the oversized lot allow an investor to recognize NOI appreciation and potential future development, providing a secure investment with great returns.
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. #PB00085157 BoR: Andrew Ackerman - Lic. AR #PB00085157
FOR SALE DETAILS
PRICE
$12,900,000 USD
PRICE/SF
$54 USD /SF
CAP RATE
9.48%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mellor Park Mall - El Dorado, AR
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Drug Store, Restaurant, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
22.3 AC
LAND SF
971,388 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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737-205-2056
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737-205-2056
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