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Mellor Park Mall - El Dorado, AR 1826-2133 North West Avenue

237,519 SF 100% Leased Retail Building El Dorado, AR 71730 £10,876,055 (£46/SF) 8.69% Net Initial Yield

Investment Highlights

  • Mellor Park is the Dominant Shopping Center in El Dorado & Boasts a Strong National Tenant Mix Including TJ Maxx, Hobby Lobby Etc.
  • TJ Maxx and Citi Trends Both Report Exceptional Sales - Reach Out For Details
  • The Site Includes Three (3) Pad Sites: Applebee's, Yamato Japanese Restaurant and Red River Credit Union
  • Value-Add Regional Mall: Property is Currently 77.5% Occupied, Creating an Opportunity For NOI Appreciation By Filling the Vacant Suites
  • The Large Parking Field in the Rear Has the Potential For Redevelopment With Approximately 5 Acres of Developable Area
  • Bealls Has Executed a 10-Year Lease and Just Opened For Business in October 2024

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 237,519 SF Mellor Park Mall Located at 1826-2133 North West Avenue in El Dorado, AR. Mellor Park Mall is the Dominant Shopping Center in El Dorado and Includes a Strong National Tenant Mix Including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show and Applebee's. The Vacancy and Potential Redevelopment of the Oversized Lot Allows 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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
237,519 SF
Year Built
2000
Price
£10,876,055
Price Per SF
£46
Net Initial Yield
8.69%
NOI
£945,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Land Acres
22.30 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Applebees
  • Accommodation and Food Services
  • 5,000 SF
  • £5.16
  • -
  • Mar 2030
  • Bealls
  • Retailer
  • 26,000 SF
  • £6.02
  • -
  • Jan 2035
  • Citi Trends
  • Administrative and Support Services
  • 12,000 SF
  • £6.85
  • NNN
  • Jan 2027
  • Dollar Tree
  • Retailer
  • 12,500 SF
  • £6.12
  • NNN
  • Apr 2027
  • Hobby Lobby
  • Retailer
  • 53,326 SF
  • £6.22
  • -
  • Sep 2027
  • Mall Office
  • Retailer
  • 1,200 SF
  • -
  • -
  • -
  • Memo's Beauty
  • Retailer
  • 4,000 SF
  • £7.25
  • -
  • Jun 2028
  • Nails by 2
  • Retailer
  • 1,425 SF
  • £13.18
  • -
  • Jun 2028
  • Red River CU
  • Retailer
  • 2,400 SF
  • £19.56
  • NNN
  • Sep 2032
  • Rhea Lana's
  • Retailer
  • 27,777 SF
  • £0.67
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Applebees Accommodation and Food Services 5,000 SF £5.16 - Mar 2030
Bealls Retailer 26,000 SF £6.02 - Jan 2035
Citi Trends Administrative and Support Services 12,000 SF £6.85 NNN Jan 2027
Dollar Tree Retailer 12,500 SF £6.12 NNN Apr 2027
Hobby Lobby Retailer 53,326 SF £6.22 - Sep 2027
Mall Office Retailer 1,200 SF - - -
Memo's Beauty Retailer 4,000 SF £7.25 - Jun 2028
Nails by 2 Retailer 1,425 SF £13.18 - Jun 2028
Red River CU Retailer 2,400 SF £19.56 NNN Sep 2032
Rhea Lana's Retailer 27,777 SF £0.67 - -

Links

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Nearby Major Retailers

Planet Fitness
Cadence Bank
Applebee's
Brookshire's Pharmacy
Anytime Fitness
Simmons Bank
Brookshire's Food & Pharrmacy
CrossFit
Rent-A-Center
El Chico Cafe
(737) 205-2056

  • Listing ID: 33798108

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: 1826-2133 North West Avenue, El Dorado, AR 71730

The Retail Property at 1826-2133 North West Avenue, El Dorado, AR 71730 is currently available For Sale. Contact Sands Investment Group Austin, LLC for more information.

Nearby Listings

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Connect with us

© 2024 CoStar Group

Mellor Park Mall - El Dorado, AR | 1826-2133 North West Avenue
(737) 205-2056 x

Mellor Park Mall - El Dorado, AR | 1826-2133 North West Avenue

1/5

Ethan Offenbecher

(737) 205-2056

(737) 205-2056

Baker Baine

(512) 359-9190

(512) 359-9190

Carlos Arizpe

(737) 270-7668

(737) 270-7668

Zuhare Rizvon

(512) 729-6323

(512) 729-6323

Andrew Ackerman

(770) 626-0445

(770) 626-0445

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