HighStreet Disposes Austin Medical Asset

AUSTIN–HighStreet Net Lease Group recently represented a private group in the disposition of a single-tenant net-leased medical asset located at 8316 Tuscany Way in Austin. The property was a build-to-suit for Affordable Dentures, a tenant specializing in personal dental services.

Purchased as an investment vehicle, the 3,000-square-foot property is located on a 1.13-acre parcel. Affordable Dentures is currently on a double net lease that places responsibilities on the landlord for maintenance and replacement of the roof and structure. Despite this, HighStreet Net Lease Group achieved an aggressive cap rate on the sale, say reps for the company.