4611 E Martin Luther King Jr Blvd

OVERVIEW

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.

FEATURES

  • Buyer Fee Simple opportunity
  • Completely redeveloped property and new C-Store building completed in 2019
  • Experienced operator with multiple C-Stores in Central Texas
  • Sale lease-back opportunity with proven C-Store developer and operator
  • Newly installed fuel tanks completed in 2019
  • 4 fuel pumps
  • High visibility in high traffic area with multiple points of ingress/egress via E MLK Blvd and Heflin Ln
  • Located on hard corner of Springdale and E MLK
  • Conveniently accessible from Hwy 183, Springdale, and Airport Blvd
  • Located in opportunity zone
  • Close by to many amenities such as: Morris Williams Golf Course, Palomino Coffee, Mica’s Burritos
    and Coffee, and much more

PROPERTY

Property Type

Retail

RBA (sf)

2012

Floors

1

Year Built

1964

Tenancy

Single

Parking Type

Surface

Land Area (ac)

.4

AGENTS

Penn Bloxsom

Vice President
Email: pbloxsom@asterra.com
Direct: 713.449.1024

Avery Meiteen

Associate
Email: ameiteen@asterra.com
Direct: 512.231.2020

DOCUMENTS

PHOTOS