Contacts
Asterra Properties
Asterra Properties
Property Details
- Property Type Retail
- Property Size 2,012 SF
- Lot Size 0.4 Acre
- Cap Rate % 5.14
- NOI / YR $180,000.00
- Year Built 1964
- Year Renovated 2019
- Date Updated Mar 31, 2026
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.
• Buyer Fee Simple opportunity
• Completely redeveloped property and new C-Store building completed in 2019
• Newly installed fuel tanks completed in 2019
• Experienced operator with multiple C-Stores in Central Texas
• Sale lease-back opportunity with proven C-Store developer and operator
• 4 fuel pumps
• High visibility in highly trafficked area
• Located on hard corner of Springdale and E MLK
• Conveniently accessible from Hwy 183, Springdale, and Airport Blvd
• Multiple points of ingress and egress from E MLK Blvd and Heflin Ln
• Close by to many amenities such as: Morris Williams Golf Course, Palomino Coffee, Mica’s Burritos
and Coffee, and much more
Reach out to the broker for more info on lease terms and amenities
Getting around
-
35/100
Walk Score ®
-
45/100
Transit Score ®
-
67/100
Bike Score ®
Location
- City Austin, TX
- Neighborhood Martin Luther King
- Zip Code 78721
- Market Austin
Points of Interest
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MLK Jr.
1.69 miles
-
Highland
3.61 miles
-
Downtown
3.69 miles
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Crestview
4.30 miles
-
Zilker Eagle
5.50 miles
-
McKalla
7.38 miles
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Kramer
7.69 miles
-
Valero
0.04 miles
-
Conoco
0.90 miles
-
7-Eleven
0.91 miles
-
Shell
1.02 miles
-
QuikTrip
1.05 miles
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PIE AE TECHNICENTER
1.06 miles
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PIE AE AFS DC2
1.24 miles
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PIE AE AFS DC1
1.24 miles
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Chevron
1.26 miles
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Texaco
1.31 miles
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Parking Building
1.35 miles
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Olden customer parking
1.70 miles
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The Vortex Parking Lot
2.14 miles
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Austin Public Visitor Parking
2.33 miles
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DeWitty Center Visitor Parking
2.34 miles
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Amazon HAU1 Offsite Trailer Yard
2.43 miles
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El Chile and El Sapo Parking
2.44 miles
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East Campus Parking Garage
2.79 miles
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Manor Garage
2.96 miles
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San Jacinto Garage
3.06 miles
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Simon's Burger
0.12 miles
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Willie's Bar-B-Que
0.15 miles
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Country Boyz
0.56 miles
-
Subway
1.03 miles
-
S-H Donuts
1.05 miles
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Mr. Catfish
1.08 miles
-
Pho Craft
1.26 miles
-
Jack in the Box
1.26 miles
-
Whataburger
1.29 miles
-
Batch Craft Beer & Kolaches
1.29 miles
-
La Canasta Supermarket
1.34 miles
-
H-E-B
1.46 miles
-
Mosaic Market
1.79 miles
-
Sprouts Farmers Market
2.12 miles
-
Fiesta Market
2.26 miles
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Marshalls
2.26 miles
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El Rancho Supermercado
2.45 miles
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Target
2.58 miles
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Small World Goods
3.04 miles
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JD Market
3.10 miles