4611 E Martin Luther King Jr 2,012 SF Retail Building Austin, TX 78721 $3,500,000 ($1,739.56/SF) 5.14% Cap Rate

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.