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3230 Martin Luther King Jr Blvd Dallas, TX 75210

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For Sale
Contact for pricing

High-yield grocery store investment.

Property size:
50,142 SF

Property Features for 3230 Martin Luther King Jr Blvd

General Information

Property type
Individual retail properties
Square Feet
50,142 SF
Lot Size
172,062 SF

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Listing Contact
Blake Schur
Blake Schur

Listing Agency: Davidson & Bogel Real Estate LLC Listing Agent: Blake Schur

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional Dallas, TX retail property presents a rare opportunity to acquire a 50,142 square foot Fiesta Mart grocery store on a 3.95-acre lot. The property boasts a strong net operating income (NOI) of $200,000 annually, secured by a corporate guarantee from a major Mexican grocery conglomerate. Currently operating at 100% occupancy under a net lease, the property offers a significant value-add opportunity due to its below-market rent and prime infill location within the heart of Dallas' Fair Park market, a rapidly growing area. The substantial land size allows for future redevelopment potential, while the existing lease provides a stable income stream with two five-year renewal options at increasing rental rates. The property is situated on Martin Luther King Jr. Boulevard, a major commercial corridor, and benefits from a large population and business density within a five-mile radius. The current lease has a six-month termination option, offering flexibility for future repositioning strategies. This investment is offered well below replacement cost, presenting a compelling return on investment. The property's Asset Property Number (APN) is 99952140000235150.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Fiesta MLK Pharmacy Pharmacy Fiesta Mart #212 Grocery & Convenience Store Coinstar Kiosk | Bitcoin ... Atm 3230 Martin Luther ... Parking Lot & Garage Coinme at Coinstar - Bitcoin ... Shopping Center & Mall

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dallas
County
Dallas
State
Texas
Longitude
-96.762939994726
Latitude
32.773635990813

FAQs

What type of property is this?
Individual retail property - High-yield grocery store investment.
Where is this individual retail property 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 land opportunity in Dallas, TX, ideal for immediate redevelopment.; Prime location in the heart of Dallas' Fair Park, on MLK Jr. Blvd.; High-traffic commercial corridor with strong demographics.
(214) 526-3626 Call to check price and availability
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