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604 Beal Pky NW
Fort Walton Beach, FL 32548 Wright

$3,129,000 USD

Freestanding For Sale  •  3,242 SF

Property Details

• Property Type Freestanding
• Total Building Size 43,000 SF
• Lot Size 0.99 AC
• Building Class B
• Year Built 1980
• Cap Rate 5.25 %
• Tenancy Single

0 Transit Score

64 Walk Score

Highlights

20-year absolute NNN ground lease featuring 8% rental increases every 5 years

Brand-new 2023 build-to-suit construction

Ideal location in tax-free state – signalized hard corner with extremely high traffic counts (86,000+ VPD)

Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.

Murphy USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country

Nearby Eglin Air Force Base is the largest Air Force base in the world spanning 724 square miles with 19,000+ military personnel on the premises

Property Flyers

MurphyOil_FortWaltonBeachFL

Cap Rate:

5.25 %

Public Transportation

Airport	Drive	Walk	Distance
Eglin AFB/Destin-Ft Walton Beach	28 min	-	11.9 mi
Pensacola International	74 min	-	44.0 mi