604 Beal Pkwy NW Fort Walton Beach, FL 32548
New 2023 Murphy USA ground lease in Fort Walton Beach.
Property size:
43,000 SFLot size:
0.48 AcresProperty Features for 604 Beal Pkwy NW
General Information
- Size
- 43,000 SF
- Lot size
- 0.48 Acres
Source:
Moodyscre
Listing 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
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.