1835-2115 Ave NW El Dorado, AR

Mellor Park is a dominant shopping center in El Dorado, featuring a strong national tenant mix including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show, and Applebee’s. The property is currently 77.5% occupied, presenting a value-add opportunity for NOI appreciation by filling vacant suites. The proforma NOI is estimated to be $1,609,726, with a current NOI of $1,180,745. A large parking field in the rear offers redevelopment potential with approximately 5 acres of developable area. The site includes three pad sites occupied by Applebee’s, Yamato Japanese Restaurant, and Red River Credit Union, providing flexibility in future exit strategy. Bealls has executed a 10-year lease and opened for business in October 2024. Starbucks, which is not part of the offering but available for purchase, is under construction and expected to open in April 2025. El Dorado is home to Murphy USA (3,500 employees), Delek US Holdings (600 employees), Lanxess (500 employees), South Arkansas Regional Hospital (860 employees), and South Arkansas Community College (1,253 students), contributing to a stable and growing economy. The property contains 237,519 square feet.