Murphy Express Mary Esther, FL

193 Mary Esther Blvd
Mary Esther, FL

Price: $2,470,000
Cap Rate: 5.00%
NOI: $123,500
Building Size: Approx. 2824 Sq. Ft.
Lot Size: Approx. 0.91 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2024

Investment Overview

  • 2024 Construction. 2,824+/- SF Building on 0.91+/- Acre Site
  • 20-Year Absolute NNN Ground Lease w/ 8% Rental Increases Every 5 Years
  • Located at the Signalized Intersection of Mary Esther Blvd & Hollywood Blvd (28,400+ Combined VPD)
  • Close Proximity to Tourist Destinations: In Between Pensacola and Panama City, and Nearby Destin (9 mi) and Fort Walton Beach (2 mi)
  • Eglin Air Force: One of the Largest Air Force Bases in the World and Hosts Various Tenant Units and Organizations (6 mi from Property)
  • Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
  • Fort Walton Beach | 7.5 Million Visitors Per Year | Population: 20,805+