Price Improvement - Murphy Express - Ft. Walton Beach
Trophy Murphy USA | 17.75 Yrs Remaining | 8% Increase Every 5 Years | Absolute NNN Corp Ground Lease
Marketing description
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.
Investment highlights
- Trophy Location | A+ Real Estate Grade at Signalized Intersection with Multiple Access Points
- Situated at Convergence of 2 Massive Commuter Thoroughfares with a Combined 85,500 ADT
- Absolute NNN Ground Lease with 17.6 Years Remaining on Original 20 Yr Term, 8% Rent Increases Every 5 Years
- Solid Population Density/Avg Household Income within 3 Miles: 61,166 Residents/$96,053
- 5 Miles to Eglin AFB, One of the Largest USAF Installations, Home to Air Force Special Operations Command HQ, with Tens of Thousands of Military, Civilian & Contractor Personnel
- Nearby Hurlburt Field Special Operations Base Supports Nearly 40,000 Active Duty, Retired, and Civilian Personnel
- Steps Away from Eglin Federal Credit Union Ops Center with ~400 Employees
- Sustainable Demand from Military Personnel, Local Residents, Students & Coastal Visitors Driving Consistent Fuel & Convenience Store Sales
- Nearly 8 Million Annual Visitors Travel by Car to the Destin, Fort Walton Beach Region with Direct Spending of $734M
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