604 Beal Pky NW | Fort Walton Beach, FL 32548
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604 Beal Pky NW
Fort Walton Beach, FL 32548
Murphy Oil · Retail Property For Sale
Investment Highlights
- 20-year absolute NNN ground lease featuring 8% rental increases every 5 years
- Ideal location in tax-free state – signalized hard corner with extremely high traffic counts (86,000+ VPD)
- Murphy USA, Inc. (NYSE: MUSA) is one of the largest independent retailers of gasoline products and convenience store merchandise in the country
- Brand-new 2023 build-to-suit construction
- Lease signed by tenant’s primary corporate operating entity – Murphy Oil USA, Inc.
- 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 Facts
Property Type
Retail
Property Subtype
Building Size
43,000 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.99 AC
Zoning
C - Commercial District
Parking
15 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
75’ on Beal Pky
Property Taxes
| Parcel Number | 10-2S-24-1010-0001-0010 | Improvements Assessment | $349,095 |
| Land Assessment | $1,127,688 | Total Assessment | $1,476,783 |
Property Taxes
Parcel Number
10-2S-24-1010-0001-0010
Land Assessment
$1,127,688
Improvements Assessment
$349,095
Total Assessment
$1,476,783
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