604 Beal Pky - Freestanding FOR SALE


Fort Walton Beach, FL 32548- Wright
$3,318,000 USD
239-770-2940
604 Beal Pky, Fort Walton Beach, FL for Sale
$3,318,000 USD
Freestanding - FOR SALE
1/10
null | 4.95% Cap Rate

604 Beal Pky
Fort Walton Beach, FL 32548
Wright


HIGHLIGHTS

  • Prime A+ corner at a signalized intersection with 85,500 ADT
  • Absolute NNN ground lease: 17.6 years remaining, 8% bumps every 5 years
  • Strong demographics: 61K residents, $96K AHHI within 3 miles
  • Dense military presence near Eglin AFB & Hurlburt Field
  • Immediate employment base next to Eglin FCU Ops Center
  • High, sustained demand from locals, military, and 8M annual visitors to Destin–Fort Walton Beach

OVERVIEW

CBRE is pleased to present for sale a Murphy USA gas station and convenience store in Fort Walton Beach, Okaloosa County, approximately 50 miles east of Pensacola and minutes from Florida’s Emerald Coast beaches. Murphy USA is one of the nation’s largest independent fuel retailers, operating more than 1,700 locations across 27 states, supported by a proven high-volume, low-price fuel strategy paired with convenience retail offerings. The property is located at a signalized hard corner along Beal Parkway, a major regional thoroughfare with traffic counts exceeding 85,500 vehicles per day, offering outstanding visibility and accessibility. Beal Parkway serves as a primary connector between residential neighborhoods, retail corridors, and the area’s largest employment centers. Fort Walton Beach benefits from a strong year-round economic base driven by Eglin Air Force Base and Hurlburt Field, which together support tens of thousands of military and civilian personnel. In addition, the property is positioned near Destin and Florida’s Emerald Coast, one of the state’s most visited tourism destinations. This combination of a nationally recognized tenant, strong traffic along Beal Parkway, military-driven stability, and proximity to major tourism draws creates a highly resilient investment profile supported by both permanent population and consistent visitor demand.

FOR SALE DETAILS

PRICE

$3,318,000 USD

PRICE/SF

$1,175 USD /SF

CAP RATE

4.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy Express - Ft. Walton Beach

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

C

APN/PARCEL ID

10-2S-24-1010-0001-0010

ASK ABOUT THIS PROPERTY

239-770-2940

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239-770-2940

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