1942 E Austin St
Giddings, TX 78942

$1,100,000 USD

Auto Repair For Sale • 6,400 SF

Property Details

Property Type Auto Repair
Total Building Size 6,400 SF
Lot Size 0.67 AC
Building Class C
Year Built 2007
Tenancy Single

30 Walk Score

                
                    Highlights
                
                                Corporate lease with O'Reilly Auto Enterprises, LLC, part of O'Reilly Automotive, Inc. (NASDAQ: ORLY) an investment-grade retail credit (BBB+ / Baa1)
                            
                                Term extended in December 2024 to March 31, 2032, with three (3), five (5) year renewal options and scheduled rent increases in every option period.
                            
                                Freestanding purpose-built build-to-suit store E Austin Street route US-290 takes through Giddings, the seat of Lee County.
                            
                                NN+ structure — tenant is responsible for taxes, insurance and day-to-day maintenance; landlord retains roof and structure only.
                            
                                Positioned near the junction of US-290 and US-77 on the Austin–Houston corridor, approximately 55 miles east of Austin and 100 miles west of Houston.