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802 Enterprise
Rockport, TX 78382
Enterprise Oaks Shopping Center · Retail Property For Sale
Investment Highlights
- Fully leased 15,600 SF healthcare-retail investment property built in 2023; anchored by Humana, a nationally recognized healthcare provider
- Stable tenant mix comprised of medical and healthcare-related users
- Positioned within a rapidly growing residential corridor near established neighborhoods and Rockport Country Club; within walking distance to Rockpo
- Situated on a 3.113-acre site with excess land for future office/medical development
- Benefited by increasing demand for healthcare services driven by Rockport’s expanding senior population
- Limited competing healthcare-retail inventory in the Rockport market supports long-term occupancy and investment stability
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Building Size
15,600 SF
Building Class
B
Year Built
2023
Price
$5,422,052 CAD
Price Per SF
$347.57 CAD
Cap Rate
7.67%
NOI
$415,727 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
3.11 AC
Zoning
B-1
Parking
159 Spaces (6.12 Spaces per 1,000 SF Leased)
Frontage
450’ on Enterprise
Property Taxes
| Parcel Number | 6080-001-002-000 | Improvements Assessment | $3,994,092 CAD |
| Land Assessment | $679,184 CAD | Total Assessment | $4,673,276 CAD |
Property Taxes
Parcel Number
6080-001-002-000
Land Assessment
$679,184 CAD
Improvements Assessment
$3,994,092 CAD
Total Assessment
$4,673,276 CAD
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