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1826-2133 North West Avenue
El Dorado, AR 71730

$12,900,000 USD

Supermarket For Sale  •  237,519 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 298,000 SF
  • Lot Size 22.3 AC
  • Year Built 2000
  • Cap Rate 9.48 %
  • Tenancy Multiple
0 Transit Score
52 Walk Score

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.
Cap Rate: 9.48 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebees 5,000 SF 3/31/2030
Bealls 26,000 SF 1/31/2035
Citi Trends 12,000 SF 1/31/2027
Dollar Tree 12,500 SF 4/30/2027
Hobby Lobby 53,326 SF 9/30/2027
Mall Office 1,200 SF
Memo's Beauty 4,000 SF 7/31/2028
Nails by 2 1,425 SF 6/30/2028
Red River CU 2,400 SF 9/30/2032
Rhea Lana's 27,777 SF
Ethan Offenbecher 737-205-2056 Sands Investment Group Austin, LLC
Ethan Offenbecher 737-205-2056 Sands Investment Group Austin, LLC