New Murphy USA Ground Lease

604 Beal Pkwy NW, Fort Walton Beach, FL

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For Sale

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New 2023 Murphy USA ground lease in Fort Walton Beach.

Type:RETAIL

Property size:

43,000 SF

Lot size:

0.48 Acres

Price / SF:

$72/SF

HighLights

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.
Located in a tax‑free state at a signalized hard corner with high traffic counts (86,000+ VPD).
Proximity to Eglin Air Force Base, the world's largest Air Force base with 19,000+ personnel.
Located near Sun Plaza, a 250,000+ SF shopping center anchored by Publix and T.J. Maxx.

We can help!

Listing Contact

John Andreini

For Sale

Contact for pricing

New 2023 Murphy USA ground lease in Fort Walton Beach.

Type:RETAIL

Property size:

43,000 SF

Lot size:

0.48 Acres

Price / SF:

$72/SF

Added:: Feb 19, 2025
Days on Market:: 478
Last Refresh:: May 20 at 8:43 pm

Property Features for 604 Beal Pkwy NW

General Information

Standard status: Active
Size: 43,000 SF
Lot size: 0.48 Acres
Property subtype: RETAIL

We can help!

Listing Contact

John Andreini

Listing agent John Andreini License #01440360

Listing office CP Partners

Listing date Feb 19, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of CP Partners

HighLights

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.
Located in a tax‑free state at a signalized hard corner with high traffic counts (86,000+ VPD).
Proximity to Eglin Air Force Base, the world's largest Air Force base with 19,000+ personnel.
Located near Sun Plaza, a 250,000+ SF shopping center anchored by Publix and T.J. Maxx.

Overview

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 Location Intelligence

Current Use by Public Records

Murphy USA Gas Station

Suggested Use

Location Insight

Map
Local Demand

City: Fort Walton Beach
County: Okaloosa
State: Florida
Longitude: -86.6392
Latitude: 30.4286

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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.

604 Beal Pkwy NW, Fort Walton Beach, FL

New 2023 Murphy USA ground lease in Fort Walton Beach.

Property Features for 604 Beal Pkwy NW

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Fully Occupied Multi-Family Investment

Fully Occupied Multi-Family Investment

Fort Walton Beach Retail Opportunity

High-Visibility Commercial Office Duplex

Prime Commercial Building For Sale

Fort Walton Beach Legacy Property

Four-Plex in Prime Location

NNN Leased Investment Property

Fort Walton Beach Warehouse

Established Restaurant on Mary Esther

Medical Office Space For Sale

Remodeled Commercial Property with Flexible Zoning

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