Fiesta Mart Covered Land
For Sale
Contact for pricing
3230 Martin Luther King Jr Blvd, Dallas, TX 75210
Single-tenant net lease Fiesta Mart on 3.95 AC in Dallas.
Property Size50,142 SF
Lot Size3.95 Acres
Days on Market663
Property Features for 3230 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
50,142 SF
Lot size
3.95 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$200,000
Building Details
Tenancy
Single
Listing Agency:
Davidson & Bogel Real Estate LLC
(214) 526-3626
Listed By:
Blake Schur · License #788497
Source:
Crexi
Added: Oct 30, 2024
Changed: Aug 12
Last Checked: Aug 21 at 10:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Davidson & Bogel Real Estate LLC
Investment Insights
Based on property information with market context.
Located at 3230 Martin Luther King Junior Boulevard in Dallas, Texas, this property presents an opportunity to acquire a single-tenant net lease Fiesta Mart. The 50,447 square foot grocery store is situated on approximately 3.95 acres in the Fair Park market. Fair Park, home to the State Fair of Texas, is experiencing growth. The property offers investors and developers a covered land play with redevelopment potential, along with an absolute net lease generating $200,000 in net income annually. Fiesta has been operating at this location since 2011 and was purchased by Bodega Latina Corporation, a Chedraui company. As of 2021, Fiesta generated approximately $12.87 million in sales, equating to a 3.00% occupancy cost. Approximately 1.5 years remain on their current term, with two five-year renewal options. In 2020, Fiesta negotiated a six-month termination option, which they may elect at any time. The current net lease rate is $3.96 NNN. The absolute net lease structure requires minimal management. The revenue stream is backed by Chedraui.
Key Highlights
- Rare infill covered land play with ± 3.95 AC in the heart of Dallas' Fair Park market, ripe for redevelopment.
- Single‑tenant net lease with Fiesta Mart, generating $200,000 in annual net income.
- Fiesta Mart is backed by Bodega Latina Corporation (Chedraui), a Mexican grocer conglomerate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
110k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 31%
Groceries 22%
Apparel 2%
Fiesta Mart
Groceries
24,408 visits/mo
0.0 miles
McDonald's
Dining
22,715 visits/mo
0.3 miles
Jack in the Box
Dining
14,108 visits/mo
0.2 miles
Bank of America
Shops & Services
9,166 visits/mo
0.0 miles
Golden Chick
Dining
9,019 visits/mo
0.2 miles
Demographics for 75210, TX
8,736
Population
2,824
Households
3.1
Avg Household Size
33
Median Age
9%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
3,798
Density / Sq Mi
$28,739
Median Household Income
$24,850
Median Earnings
$952
Median Rent
$110,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Fiesta Mart #212 — 3230 Martin Luther King Jr Blvd, Dallas, TX 75210
- Bama Pie Co — J B Jackson Jr Blvd, Dallas, TX 75210
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant net lease Fiesta Mart on 3.95 AC in Dallas.
Where is this grocery and convenience store located?
The property is located at 3230 Martin Luther King Jr Blvd Dallas, TX.
What are key features of this property?
This property features: Rare infill covered land play with ± 3.95 AC in the heart of Dallas' Fair Park market, ripe for redevelopment.; Single‑tenant net lease with Fiesta Mart, generating $200,000 in annual net income.; Fiesta Mart is backed by Bodega Latina Corporation (Chedraui), a Mexican grocer conglomerate.
