The MENTOR Network
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. 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.