GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1041 Cannon Bridge Rd, Cordova, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2030 |
| Remaining term | 3.8 yrs |
| Lease term (months) | — |
| Annual base rent | $47,585 |
| Base rent $/SF | $18.49 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2029 |
| Year built | 1990 |
| Building SF | 2,573 |
| Land area (acres) | 0.50 |
| Pre G&A CFC | -0.87x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 9,031 | 22,804 |
| Households | 0 | 3,665 | 8,467 |
| Pop. density (/sq mi) | 0 | 319 | 290 |
| Avg HH income | — | $58,926 | $58,778 |
| Poverty rate | — | 32.9% | 28.0% |
| Bachelor's+ | — | 19.8% | 21.8% |
| Median home value | — | $82,714 | $106,588 |
| Median rent | — | $767 | $823 |
| Median age | — | 40 | 38 |
| Owner-occupied | — | 47.7% | 53.1% |
This 2,573 SF convenience store and gas station in Cordova, South Carolina operates under a Fas Mart banner (GPM Investments/ARKO Corp.) with 3.8 years of lease term remaining through March 2031. The property earns a Location Grade of 44 out of 100, reflecting a rural, low-traffic setting with limited population density and a distressed local economy. The investment thesis rests primarily on guarantor credit quality rather than real estate fundamentals.
The immediate one-mile trade area registers zero population, underscoring the site's rural character. At three miles, the population reaches 9,031 at a density of 319 per square mile, with average household income of $58,926 and a poverty rate of 32.9 percent — well above national benchmarks. The five-mile population of 22,804 at comparable income levels and a 28 percent poverty rate confirms a structurally weak consumer base.
Orangeburg County is a nonmetro, metro-adjacent market with a declining population trend, contracting from 83,971 in 2020 to 83,129 in 2024, a loss of roughly one percent. Unemployment sits at 5.8 percent, above typical national averages, and the broader retail and foodservice establishment count is modest relative to county size. The traffic count of 4,500 vehicles per day and proximity of 2.14 miles to the nearest major road further limit the site's commercial upside.
The site scores a Walk Score of 3, consistent with a location requiring car access for all activity, and has only one restaurant and five retail establishments within one mile. On the positive side, there are zero competing gas stations within one mile, providing monopoly-like capture of local fuel demand. The absence of EV charging infrastructure within five miles adds modest near-term relevance but does not offset the thin traffic base.
Flood exposure is minimal under FEMA Zone X. The primary risks are economic and demographic, not environmental.
With 3.8 years remaining and one renewal option at a notice date of September 2029, the buyer faces near-term rollover risk in a subpar location. The current rent of $47,585 annually ($18.49 per square foot) represents the income floor with no stated rent at expiration disclosed, creating uncertainty around renewal economics. GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp. and the sixth-largest U.S. convenience-store operator, provides meaningful credit support, but lease longevity and re-tenanting optionality in this market are real concerns if renewal is not exercised.
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