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29496855
29496856

8600 Cross Park Dr, Austin, TX 78754

SR
TX TX - 9009637, CA CA - 02101543 (+42)
ParaSell Inc
KF
CA 01321833
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group
$4,530,000
124 days on market
Updated 13 days ago

NeuroRestorative | Austin, TX

Details
APN 02332303020000
Property Type Retail
Sub Type Storefront
Square Footage 9,200
Net Rentable (SqFt) 9,200
Cap Rate 6.75%
NOI $305,974
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 11/30/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options One 5-Year @ 1% Annually
Price per SqFt $492
Broker Co-Op Yes
Year Built 2018
Buildings 1
Stories 1
Acreage 2.140
Lease Commencement 11/15/2018

Absolute NNN Lease with Annual Increases | 173 Locations Throughout 28 States

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/NeuroRestorative_Austin_TX

Investment highlights

  • Absolute NNN Single Tenant NeuroRestorative

    • Rehabilitation/long-term care network for people recovering from serious neurological injury or illness or managing ongoing complex medical needs

    • 173 locations in 28 states, including 11 in Texas

    • Founded in 1977

    • Subsidiary of Sevita, a national healthcare organization

    • Tenant since 2018

    • In 2025, they extended their lease by 5 years

    • 1% annual increases

    • One of America’s Best Employers, ranking #4 among local government employers by Forbes (2025)

  • Located in Walnut Creek Business Park, a Master Planned, Mixed-Use Business Park

  • $117,000 Average Household Income and 324,000 People Within 5 Miles

  • Nearby University of Texas at Austin; One of the Largest U.S. Universities with over 50,000 Students

  • State Capital; 10th Largest City in the U.S.

    • #4 most populous city in the State; #10 largest city in the nation with a population of just under 1 million

    • Home to 3,000 tech companies, multiple Fortune 500 companies

    • Austin-Round Rock MSA projected to be the fastest-growing large metro area in the next 5 years

    • MSA was recently ranked #1 “Best Performing Cities” by the Milken Institute

    • #1 “Best State Capital to Live In” — WalletHub (2025)

    • #15 “Best City in America” — Resonance (2025)

    • Austin Ranked #1 Large Economic Boomtown — CoworkingCafe (2025)

Listing Contacts

SR
TX TX - 9009637, CA CA - 02101543 (+42)
ParaSell Inc
KF
CA 01321833
Hanley Investment Group
Listed by ParaSell Inc, Hanley Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,974.00
$25,497.83/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Scott Reid
License
TX - 9009637
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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