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Mellor Park Mall - El Dorado, AR 1826-2133 North West Avenue 298,000 SF Retail Building El Dorado, AR 71730 $18,007,368 CAD ($60.43 CAD/SF) 9.48% Cap Rate
INVESTMENT 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!
- TJ Maxx and Citi Trends both report exceptional sales — reach out for details.
- The site includes three pad sites, including Applebee's, Yamato Japanese Restaurant, and Red River Credit Union, providing flexibility in the future.
- 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.
- Future development is supported by the large rear parking field, which offers approximately 5 acres of land with redevelopment potential.
- 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 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
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
Building Size
298,000 SF
Year Built
2000
Price
$18,007,368 CAD
Price Per SF
$60.43 CAD
Cap Rate
9.48%
NOI
$1,707,501 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
22.30 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Applebees
- Accommodation and Food Services
- 5,000 SF
- $10.05 CAD
- -
- Mar 2030
- Bealls
- Retailer
- 26,000 SF
- $10.73 CAD
- -
- Jan 2035
- Citi Trends
- Rental and Leasing Services
- 12,000 SF
- $12.21 CAD
- Triple Net
- Jan 2027
- Dollar Tree
- Retailer
- 12,500 SF
- $10.89 CAD
- Triple Net
- Apr 2027
- Hobby Lobby
- Retailer
- 53,326 SF
- $11.10 CAD
- -
- Sep 2027
- Mall Office
- Administrative and Support Services
- 1,200 SF
- -
- -
- -
- Memo's Beauty
- Retailer
- 4,000 SF
- $13.34 CAD
- -
- Jul 2028
- Nails by 2
- Retailer
- 1,425 SF
- -
- -
- Jun 2028
- Red River CU
- Retailer
- 2,400 SF
- $34.90 CAD
- Triple Net
- Sep 2032
- Rhea Lana's
- Retailer
- 27,777 SF
- $1.31 CAD
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Applebees | Accommodation and Food Services | 5,000 SF | $10.05 CAD | - | Mar 2030 | |
| Bealls | Retailer | 26,000 SF | $10.73 CAD | - | Jan 2035 | |
| Citi Trends | Rental and Leasing Services | 12,000 SF | $12.21 CAD | Triple Net | Jan 2027 | |
| Dollar Tree | Retailer | 12,500 SF | $10.89 CAD | Triple Net | Apr 2027 | |
| Hobby Lobby | Retailer | 53,326 SF | $11.10 CAD | - | Sep 2027 | |
| Mall Office | Administrative and Support Services | 1,200 SF | - | - | - | |
| Memo's Beauty | Retailer | 4,000 SF | $13.34 CAD | - | Jul 2028 | |
| Nails by 2 | Retailer | 1,425 SF | - | - | Jun 2028 | |
| Red River CU | Retailer | 2,400 SF | $34.90 CAD | Triple Net | Sep 2032 | |
| Rhea Lana's | Retailer | 27,777 SF | $1.31 CAD | - | - |
NEARBY MAJOR RETAILERS
CONTACTS
-
Ethan Offenbecher -
Baker Baine -
Carlos Arizpe -
Zuhare Rizvon -
Andrew Ackerman -
Sands Investment Group Austin, LLC
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Mellor Park Mall - El Dorado, AR | 1826-2133 North West Avenue
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