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- LoopNet Team
8600 Cross Park Dr
Austin, TX 78754
The MENTOR Network · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 8.00% Cap Rate Absolute NNN Asset Priced at $3,451,000 in Rapidly Growing Austin, TX
- Less than 15 Minutes North of Downtown Austin
- Lease Guaranteed by National Mentor Holdings, Inc. (Estimated $1.6 Billion Revenue Entity) for Entire Lease Term
- Located within Walnut Creek Business District; Over 3,000,000 SF of Industrial, Office, Medical & Multi-Family GLA
PROPERTY FACTS
ABOUT 8600 CROSS PARK DR , AUSTIN, TX 78754
The MENTOR Network is an absolute net leased asset located on Cross Park Drive in the rapidly growing city of Austin, Texas. The lease is guaranteed by National Mentor Holdings, Inc., an estimated $1.6 billion revenue entity (Moody’s). National Mentor Holdings provides residential and other services for patients with developmental disabilities or acquired brain injuries, at-risk youth and the elderly at more than 330 locations across the United States. The lease features zero landlord responsibilities with 1% rent escalations annually and in the first year of each of the two, 5-year renewal options. Built in 2018, the Property is situated on 2.26 acres of land just 10 minutes from Downtown Austin and the University of Texas at Austin. Offered at an attractive 8.00% cap rate, The MENTOR Network is priced at $3,451,000.
PROPERTY TAXES
| Parcel Number | 235486 | Improvements Assessment | $3,391,189 |
| Land Assessment | $708,811 | Total Assessment | $4,100,000 |
PROPERTY TAXES
