3230 Martin Luther King Jr Blvd Dallas, TX 75210

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.