You might want to hold off on those “Walmart is coming to East Austin” rumors.
Speculation on that topic swirled on social media after an investment company linked to the world’s largest retailer purchased the site of the former Nuevo Leon restaurant on the 1500 block of East Sixth Street.
The property was the Tex-Mex restaurant’s home until it closed in March. The nearly 1.4-acre site was purchased by WPW LLC, which is an arm of Walton Enterprises, the holding company of Walmart founder Sam Walton’s heirs.
While plans for the former Nuevo Leon site are unknown, a spokesman for the Walton family said Wednesday that the purchase is unrelated to Walmart as a company. Walton Enterprises owns a variety of assets, including banks and newspapers.
“The only thing I can tell you is that it has nothing to do with Walmart the company,” said Lance Morgan, a spokesman for the Walton family. “And we don’t get into the personal individual investments of the family. But it’s not related to the company.”
Morgan declined to answer specific questions about the site’s future.
The site, which is made up of three separate parcels, is appraised at about $1.8 million, according to the Travis Central Appraisal District.