573 Beal Pkwy NW
Fort Walton Beach, FL 32548

Marcus & Millichap is pleased to announce for sale Beal Commons Shopping Center, located at 575 Beal Pkwy N, in Fort Walton Beach, FL. The property is situated just off the intersection of Beal Parkway and Mary Esther Cut Off, where the combined traffic count exceeds 55,000 vehicles per day. The well designed, mostly brick buildings, are highly visible on this considerably traveled thoroughfare. The property is 100% occupied with all national retail tenants: Starbucks outparcel (A-), Verizon Wireless (BBB+), FedEx (BBB), Curaleaf Dispensary (NYSE: CURLF) and Ruby Tuesday outparcel ($1.3B Sales). The area enjoys strong demographics and growing demographic trends. Over 74,000 individuals reside within five miles of the property and the average household income is over $70,000. The region also benefits from seasonal migration as Fort Walton Beach is a year-round fishing and beach resort community attracting 4.5M visitors annually. Military also helps drive the economy as two major Air Force bases border Fort Walton Beach, as well as, two Naval Air Stations within miles. The site is surrounded by numerous national retailers including Publix, Walgreens, Regal Cinemas, Bealls, TJ Maxx, Salvation Army, Hibbett Sports, Petland, Autozone, Firestone, OReilly and more.