Log In/Sign Up
Your email has been sent.
604 Beal Pky
Fort Walton Beach, FL 32548
Murphy Express - Ft. Walton Beach · Retail Property For Sale
Investment Highlights
- Prime A+ corner at a signalized intersection with 85,500 ADT
- Strong demographics: 61K residents, $96K AHHI within 3 miles
- Immediate employment base next to Eglin FCU Ops Center
- Absolute NNN ground lease: 17.6 years remaining, 8% bumps every 5 years
- Dense military presence near Eglin AFB & Hurlburt Field
- High, sustained demand from locals, military, and 8M annual visitors to Destin–Fort Walton Beach
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,824 SF
Building Class
B
Year Built
1980
Price
$3,318,000
Price Per SF
$1,174.93
Cap Rate
4.95%
NOI
$164,241
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
C - Commercial District
Parking
15 Spaces (5.31 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
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
