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    604 Beal Pkwy NW Fort Walton Beach, FL 32548

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    For Sale
    $3,129,000

    New 2023 Murphy USA ground lease in Fort Walton Beach.

    Property size:
    43,000 SF
    Lot size:
    0.48 Acres

    Property Features for 604 Beal Pkwy NW

    General Information

    Size
    43,000 SF
    Lot size
    0.48 Acres

    Source: CP Partners Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Murphy USA Ground Lease

    This property features a new 2023 build-to-suit construction with a 20-year absolute NNN ground lease. The lease includes 8% rental increases every 5 years. The property is located on a signalized hard corner with high traffic counts of over 86,000 vehicles per day. The lease is signed by Murphy Oil USA, Inc., the tenant's primary corporate operating entity. Murphy USA, Inc. (NYSE: MUSA) is a large independent retailer of gasoline products and convenience store merchandise, with over 1,700 locations in 27 states. The property is located near Eglin Air Force Base, the world's largest Air Force base, spanning 724 square miles with over 19,000 military personnel. The subject property is located down the street from Sun Plaza, a shopping center of over 250,000 square feet anchored by Publix and T.J. Maxx. The property is located in a tax-free state.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Murphy USA Gas Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6391681
    Latitude
    30.4286193

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    FAQs

    What type of property is this?
    Gas station - New 2023 Murphy USA ground lease in Fort Walton Beach.
    Where is this gas station located?
    The property is located at 604 Beal Pkwy NW Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $3,129,000.
    What are key features of this property?
    This property features: - 20-year absolute NNN ground lease with 8% rental increases every 5 years.; - Lease signed by Murphy Oil USA, Inc. (NYSE: MUSA), a major national retailer with over 1,700 locations.; - Brand-new 2023 build-to-suit construction.
    (415) 274-2715
    Request Owner's contact information
    604 Beal Pkwy NW Fort Walton Beach, FL 32548
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    Fort Walton Beach, FL 32548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    604 Beal Pkwy NW Fort Walton Beach, FL 32548
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