1826-2133 West Ave El Dorado, AR 71730
- Lifestyle centers
- 237,519 SF
- 22.30 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1826-2133 West Ave
- Lot size
- 22.30 lot acres
- Property size
- 237,519 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 237,519 square foot shopping center in El Dorado, Arkansas, presents a compelling value-add investment opportunity. Currently 77.5% occupied, the property boasts a strong national tenant mix including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show, and Applebee's. Fifteen tenants contribute to a current NOI of $1,207,745, with a pro forma NOI estimated at $1,609,726. The asking price is $13,900,000, representing a cap rate of 8.69% and a price per square foot of $58.52. The property sits on 22.3 acres, including a 5-acre rear parking area with significant redevelopment potential. Three existing pad sites—occupied by Applebee's, Yamato, and Red River Credit Union—offer flexible exit strategies. Bealls recently signed a 10-year lease and opened in October 2024. The property's location in El Dorado benefits from a stable and growing economy anchored by major employers including Murphy USA, Delek US Holdings, and Lanxess. This net lease investment offers significant upside potential through lease-up of vacant suites and future development opportunities. Lease terms vary among tenants. The property is classified as a grocery store, shopping center, and storefront.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Dorado
- County
- Union
- State
- Arkansas
- Longitude
- -92.665
- Latitude
- 33.2303
