Murphy USA Fort Walton Beach, FL

564 Beal Parkway
Fort Walton Beach, FL

Price: $3,285,000
Cap Rate: 5.00%
NOI: $164,250
Building Size: Approx. 2,824 Sq. Ft.
Lot Size: Approx. 0.99 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2023

Investment Overview

  • 2023 Construction. 2,824+/- SF Building on 0.99+/- Acre Site
  • 20-Year Corporate Absolute NNN Ground Lease w/ 8% Rental Increases Every 5 Years Plus (4) 5-Year Options to Renew
  • Sits on Premier High-Traffic Signalized Intersection of Beal Pkwy (51,300 VPD) & Mary Esther Cut Off NW (19,200 VPD)
  • Near National Retailers Including Walmart, Publix, Sam’s Club, Lowe’s, Home Depot, Whataburger, and Starbucks
  • Affluent Area – Average HH Income in 1,3,5 Mile Radius is all over $90,000 w/ over $100,000 in Immediate Trade Area
  • Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
  • Fort Walton Beach  |  Principal City of Fort Walton Beach-Crestview-Destin MSA |  8 Miles West of Destin

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