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