Sands Investment Group is Pleased to Exclusively Offer For Sale the 237,519 SF Mellor Park Mall Shopping Center 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
TJ MAXX
TJ Maxx was founded in 1976, and together with Marshalls in the U.S., forms Marmaxx, the largest off-price retailer of apparel and home fashions in the U.S. With stores across the country, including Puerto Rico, TJ Maxx also operates an e-commerce site, tjmaxx.com, which launched in 2013. It is a Subsidiary of TJX Companies, Inc. There are 1,316 TJ Maxx stores in the United States as of September 10, 2024. The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ regular prices on comparable merchandise. We operate over 5,000 stores across nine countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe, and TK Maxx in Australia. We also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and three sites for TK Maxx in Europe.
HOBBY LOBBY
In 1970, David and Barbara Green took out a $600 loan to begin making miniature picture frames out of their home. Two years later, the fledgling enterprise opened a 300-square-foot store in Oklahoma City, and Hobby Lobby was born. Today, with more than 1,000 stores, Hobby Lobby is the largest privately owned arts-and-crafts retailer in the world with over 46,000 employees and operating in forty-eight states. Hobby Lobby offers over 70,000 items featuring home decor, seasonal decor, tableware, floral, art supplies, craft supplies, yarn, fabric, jewelry making, hobbies and much more. Corporate headquarters include over 12 million-square-feet of manufacturing, distribution, and an office complex in Oklahoma City. Mardel Christian and Education Supply, an affiliate company, offers books, Bibles, gifts, church and education supplies as well as homeschooling curriculum. Hobby Lobby also maintains offices in Hong Kong, Shenzhen, and Yiwu, China. What began as a $600 start-up, continues to grow and expand–enabling customers across the nation to live a creative life.
APPLEBEE’S RESTAURANTS
As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table, offering guests a lively dining experience that combines simple, craveable American fare with classic drinks and local drafts. Applebee’s makes it easy for family and friends to connect with one another, whether it’s in a dining room or in the comfort of a living room, Eatin’ Good in the Neighborhood™ is a familiar and affordable escape from the everyday. Applebee’s restaurants are owned and operated by entrepreneurs dedicated to more than serving great food, but also building up the communities that we call home. From raising money for local charities to hosting community fundraisers, Applebee’s is always Doin’ Good in the Neighborhood®. Applebee’s franchise operations consisted of 1,625 Applebee’s restaurants in the United States, two U.S. territories and 12 countries outside the United States as of June 30, 2024. Applebee’s is franchised by subsidiaries of Dine Brands Global Inc. [NYSE: DIN], which is one of the world’s largest full-service restaurant companies.
BEALLS
Headquartered in Bradenton, Florida since 1915, Bealls Inc. is a privately held company that has been owned and operated by the founding family for over 100 years. The company’s mission is to offer shoppers great prices on the latest trends. Bealls sells a wide variety of items The company operates more than 600 retail stores in 23 states under the names bealls, Bealls Florida, Home Centric and Rugged Earth Outfitters and online at beallsflorida.com and beallsoutlet.com. Soon after, Bealls acquired Stage Stores, Inc. which added 87 new stores, a distribution center in Texas and, importantly, the rights to use the Bealls name in all 50 states. In 2021, the first Rugged Earth Outfitters stores opened, introducing a new shopping experience featuring fishing, hiking, hunting and workwear. With more than 550 bealls stores across the country and www.bealls.com online shopping, you’re able to shop with confidence that you’re getting the best value on the best items and the best prices.
DOLLAR TREE
Dollar Tree, Inc. North America’s leading operator of discount variety stores selling everything for $1 or less. Dollar Tree, a Fortune 200 Company, operated 16,397 stores across 48 states and five Canadian provinces as of May 4, 2024. Family Dollar offers a compelling mix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods, health and beauty items to home décor and seasonal items. Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. Some of the product departments you’ll find at Dollar Tree include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and so much more.
CITI TRENDS
Citi Trends, Inc. is a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States. Founded in 1946 and headquartered in Savannah, GA we operate over 600+ stores in 33 states. For over 75 years, Citi Trends has been dedicated to bringing fresh and fashionable merchandise to our customers and the communities we serve. Our product offering includes the hottest brands and latest trends of clothing, shoes, accessories, home décor and so much more, making us a convenient one-stop shop for the entire family from infants to adults. We are passionate about delivering quality products at prices up to 50% less than other stores.
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.
