802 Enterprise Blvd
Fully Leased Heathcare/Retail Asset | 7.66% CAP Rate
Marketing description
Completed in 2023 and fully leased with tenants opening in 2024, 802 Enterprise Blvd presents a rare opportunity to acquire a newer-construction healthcare-retail investment in the growing coastal market of Rockport. The 15,600 SF multi-tenant center is anchored by Humana, a nationally recognized healthcare provider with a strong presence in the expanding senior healthcare sector, alongside a complementary mix of medical-related tenants serving the surrounding community. The property’s newer construction and predominately NNN lease structure help minimize maintenance exposure while providing investors with stable, predictable income.
Strategically positioned on 3.113 acres at the corner of Enterprise Blvd and Live Oak, the property benefits from strong visibility and proximity to established residential neighborhoods, Rockport Country Club and Rockport-Fulton High School. Unlike larger metropolitan markets facing oversupply, Rockport continues to experience limited new commercial development, helping support tenant retention and long-term occupancy stability. In addition to the in-place cash flow, the site offers valuable excess land for future office or medical development, creating long-term upside potential within one of the Texas coast’s most desirable and underserved healthcare markets.
Investment highlights
- Fully leased 15,600 SF healthcare-retail investment property built in 2023; anchored by Humana, a nationally recognized healthcare provider
- NOI of $299,026 | 7.48% CAP Rate
- Situated on a 3.113-acre site with excess land for future office/medical development
- Stable tenant mix comprised of medical and healthcare-related users
- Predominately NNN lease structure helps reduce landlord responsibilities and maintenance risk
- Benefited by increasing demand for healthcare services driven by Rockport’s expanding senior population
- Strong surrounding demographics with average household income of $115,232 within one mile (ESRI 2022)
- Positioned within a rapidly growing residential corridor near established neighborhoods and Rockport Country Club; within walking distance to Rockport-Fulton High School
- Limited competing healthcare-retail inventory in the Rockport market supports long-term occupancy and investment stability
- Strong community demographics with a growing retiree base create long-term demand for medical office and healthcare-retail users
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