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Investment Highlights

  • Rehabilitation/Long-Term Care Network for People Recovering From Serious Neurological Injury or Illness or Managing Ongoing Complex Medical Needs
  • Founded in 1977
  • Tenant Since 2018
  • 173 Locations in 28 States, Including 11 in Texas
  • Subsidiary of Sevita, a National Healthcare Organization
  • In 2025, They Extended Their Lease by 5 Years

Executive Summary

Absolute NNN Lease with Annual Increases | 173 Locations Throughout 28 States | #1 America’s Most Experienced Rehab Provider | Tenant Since 2018; Renewed in 2025 | Austin Ranked #1 Large Economic Boomtown — CoworkingCafe (2025) | 324,000 People with $117,000 AHHI (5 Miles)

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,200 SF
Building Class
B
Year Built
2018
Price
$4,530,000
Price Per SF
$492.39
Cap Rate
6.75%
NOI
$305,775
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.14 AC
Zoning
IP

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -

Sevita began in 1967 and has grown into a provider of home and community-based specialty health care focused on helping people live and thrive in their communities. The company serves children and adults with intellectual and developmental disabilities, autism, brain injury, complex medical needs, and behavioral health challenges. Sevita’s service lines include foster care, family behavioral health, nursing care, day programs, rehabilitation, and medical support for seniors and other individuals with ongoing care needs. Formerly known as The MENTOR Network, the company adopted the Sevita brand in 2021 and continues to emphasize person-centered care across its health and community services platform.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100

Nearby Major Retailers

Woodforest National Bank
Fazoli's
Luby's
Buddy's Home Furnishings
  • Listing ID: 39270254

  • Date on Market: 1/30/2026

  • Last Updated:

  • Address: 8600 Cross Park Dr, Austin, TX 78754

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