3230 Martin Luther King Jr Blvd, Dallas, TX 75210

Listing office Davidson & Bogel Real Estate LLC Show Phone

Listing date Oct 30, 2024

Source Crexi

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

Report an issue

---

Overview

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.

Suggested Use

Real Estate Agency Dental Office Law Firm Building Supply Gym & Fitness Center Accounting Firm Storage Facility Skin Care Clinic Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

Similar Places Nearby

• Fiesta Mart #212 — 3230 Martin Luther King Jr Blvd, Dallas, TX 75210
• Bama Pie Co — J B Jackson Jr Blvd, Dallas, TX 75210

Location Insight

• Map
• Local Demand

City

Dallas

County

Collin

State

Texas

Longitude

-96.7625855

Latitude

32.773234

Nearby Similar for Sale

• 

  $1,400,000

  4,447 SF

  Fenced Flex Property with Office

  Flex and office space on a fully fenced yard with controlled access, surveillance, and highway frontage.

  12540 C F Hawn Freeway, Dallas, TX 75253

  View Details
• 

  $750,000

  5,974 SF

  High-Traffic Convenience Retail Store

  For sale retail convenience store opportunity in a high-traffic area, with multiple included addresses and combined structures.

  3415 S Malcolm X Boulevard, Dallas, TX 75215

  View Details
• 

  $950,000

  Mixed-Use Commercial Property with Two Units

  Two income-producing units, including a commissary kitchen and barbershop, positioned for flexible commercial use near major highways.

  9738 Brockbank Drive, Dallas, TX 75220

  View Details
• 

  $699,000

  22,500 SF

  Former Church Redevelopment Facility

  Spacious former church building on a corner lot, offering multiple classrooms and a commercial kitchen for adaptive reuse.

  4759 Sunnyvale Street, Dallas, TX 75216

  View Details
• 

  $2,900,000

  15,286 SF

  Church Campus with Fellowship Facilities

  Move-in ready church campus with sanctuary seating, dining hall, commercial kitchen, and classroom space.

  8568 Stults Road, Dallas, TX 75243

  View Details
• 

  $599,000

  4,200 SF

  Two-Unit Duplex in Dallas

  Two-unit duplex with 3-bedroom, 3.5-bath layouts and interiors completed through sheetrock and paint.

  5535 Mesa Circle, Dallas, TX 75235

  View Details
• 

  $1,278,000

  5,140 SF

  Multifamily Investment Property

  For sale multifamily asset in Dallas with a compact lot and total building area suited to income-focused ownership.

  2432/2434 Douglas Avenue, Dallas, TX 75219

  View Details
• 

  $2,300,000

  Two-Story Religious or Office Facility

  A two-story building with a large sanctuary, multiple support rooms, and secured parking for organized assembly and office use.

  8855 N Stemmons Freeway, Dallas, TX 75247

  View Details
• 

  $1,995,000

  Two-Tenant Medical Office Building

  Standalone two-suite medical office with an active dental tenant and a second suite ready for medical or retail.

  820 N Zang Boulevard, Dallas, TX 75208

  View Details
• 

  $995,000

  2,225 SF

  Medical Office Condo with Highway Frontage

  First unit on the right with windows facing Northwest Highway, offering flexible medical, office, or retail use in a condo setting.

  6211 W Northwest Highway, Dallas, TX 75225

  View Details
• 

  $650,000

  Freestanding Medical Office Building

  Free-standing dental office with strong visibility, parking, and office/medical zoning for flexible healthcare or office uses.

  2823 Kendale Drive, Dallas, TX 75220

  View Details
• 

  $1,169,000

  Flex Space with Showroom Potential

  Upgraded flex property with new bay door, HVAC, plumbing, and 3-phase power for creative office or showroom use.

  4840 Memphis Street, Dallas, TX 75207

  View Details

FAQs

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.