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28025626
28025627

4611 E Martin Luther King Jr Blvd, Austin, TX 78721

LM
TX 437479
Asterra Properties
PB
TX 726174
Asterra Properties
Asterra Properties
Listed by Asterra Properties
$3,500,000
213 days on market
Updated 9 days ago
Opportunity zone

4611 E MLK

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 2,012
Cap Rate 5.14%
NOI $180,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $1,740
Year Built 1964
Year Renovated 2019
Buildings 1
Acreage 0.400
Zoning GR-NP
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

Free Standing 2,012 SF Convenience Store

Marketing description

4611 E MLK Blvd is a free standing 2,012 SF Convenience Store with four gas pumps. The recently redeveloped building sits on 0.40 acres on a hard corner of the highly visible intersection of Springdale and East Martin Luther King Jr Blvd with high‑traffic counts along one of East Austin’s busiest intersections.

This offering is ideal for an investor seeking long‑term stability: the transaction is structured as a 15‑year sale‑leaseback. The property was redeveloped in 2019 with the building being completely new, existing foundation repaired and tied into a new foundation to expand the C-Store’s footprint. An investor will be purchasing a fully leased, creditworthy tenant, securing steady cash flow from a well-located property with high upside.

This Chevron sits on one of the most accessible corners in Austin. The C-store sits a mere 2 minutes from Hwy 183, 7 minutes from the high-density development Mueller and close by to Airport Blvd, Hwy I-35, Hwy 290 and Austin‑Bergstrom International Airport. The area has been absorbing significant investment in retail, multifamily, and other commercial projects, and consumer activity is increasing because of it. An investor will likely reap the benefits of a strong uptick in residents and regional commuters. All this combined makes this a very attractive asset for someone looking for reliable returns and long‑term upside.

Investment highlights

  • Buyer Fee Simple opportunity
  • Completely redeveloped property and new C-Store building completed in 2019
  • Experienced operator with multiple C-Stores in Central Texas
  • Sale lease-back opportunity with proven C-Store developer and operator
  • Newly installed fuel tanks completed in 2019
  • 4 fuel pumps
  • High visibility in high traffic area with multiple points of ingress/egress via E MLK Blvd and Heflin Ln
  • Located on hard corner of Springdale and E MLK
  • Conveniently accessible from Hwy 183, Springdale, and Airport Blvd
  • Located in opportunity zone
  • Close by to many amenities such as: Morris Williams Golf Course, Palomino Coffee, Mica's Burritos
  • and Coffee, and much more

Listing Contacts

LM
TX 437479
Asterra Properties
PB
TX 726174
Asterra Properties
Asterra Properties
Listed by Asterra Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
5.14%
Cap Rate
5.14%
ROI

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