GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1301 W 5th St, Marysville, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Feb 28, 2031 |
| Remaining term | 4.7 yrs |
| Lease term (months) | — |
| Annual base rent | $277,302 |
| Base rent $/SF | $67.05 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Aug 03, 2030 |
| Year built | 2001 |
| Building SF | 4,136 |
| Land area (acres) | 1.00 |
| Pre G&A CFC | 2.25x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 1301 W 5th St |
Marysville is the heart of Honda's U.S. manufacturing (the Marysville Auto Plant, Honda's longest-running U.S. plant; ~13,000+ Honda jobs across the Ohio operations) — a large daytime/employment demand base beyond resident rooftops.
The location score above reflects resident-market real-estate fundamentals and does not incorporate seasonal or destination demand; consider this note alongside the store-level coverage (CFC) when assessing the asset.
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 3,880 | 25,535 | 25,535 |
| Households | 1,869 | 9,326 | 9,326 |
| Pop. density (/sq mi) | 1,235 | 903 | 325 |
| Avg HH income | $96,111 | $107,886 | $107,886 |
| Poverty rate | 9.7% | 7.3% | 7.3% |
| Bachelor's+ | 31.4% | 32.1% | 32.1% |
| Median home value | $250,800 | $279,780 | $279,780 |
| Median rent | $1,116 | $1,203 | $1,203 |
| Median age | 36 | 37 | 37 |
| Owner-occupied | 79.3% | 71.5% | 71.5% |
This Fas Mart-branded convenience store and gas station at 1301 W 5th St in Marysville, Ohio presents a stabilized net lease opportunity backed by a publicly traded guarantor in a demonstrably growing suburban market. The site earns a location grade of 71 out of 100, reflecting solid underlying fundamentals tempered by modest near-term lease term and limited traffic data. The offering suits investors seeking current yield with acceptable rollover risk inside a supply-constrained trade area.
The three-mile trade area supports 25,535 residents with average household income of $107,886 and a low poverty rate of 7.3 percent, both meaningfully above national convenience-store averages. Owner occupancy at 71.5 percent and a median home value of $279,780 indicate a stable, rooted consumer base. These figures reflect a market that over-indexes on spending capacity relative to its population density.
Union County has grown 13.7 percent from 2020 to 2024, reaching 71,721 residents, a pace that substantially outperforms most Ohio submarkets and signals ongoing household formation. The county unemployment rate of 3.4 percent and a broad employer base of 28,035 workers across 1,211 establishments underpin consumer demand. Marysville is a legitimate growth market, not a stabilized or declining rural trade area.
The site is car-dependent with a Walk Score of 48, which is functionally appropriate for a convenience and fuel destination. Competitive density is low, with only one competing gas station within a full mile, limiting direct fuel and convenience pressure. The 12 nearby restaurants within one mile support complementary traffic patterns without creating meaningful cannibalization risk.
The absence of AADT traffic counts is a material data gap that prevents direct throughput validation for a fuel-dependent site. There are no EV charging stations within five miles, which currently reads as a neutral factor but introduces a long-duration demand question for any buyer underwriting beyond the lease term. Flood exposure is minimal at FEMA Zone X, and no elevated crime data was flagged.
With 4.7 years of remaining term and a lease running to February 2031, a buyer acquires near-term income certainty at $277,302 annually but faces meaningful rollover risk without a committed forward rent figure. Rent at expiration is not disclosed, limiting the ability to underwrite a renewal scenario with precision. One remaining renewal option with an August 2030 notice date compresses the decision window. The guarantor, GPM Investments as a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 sites, provides institutional-grade credit support that meaningfully reduces short-term default risk. A buyer should price the renewal uncertainty into cap rate expectations.
Full institutional offering memorandum with all 48 briefs, maps, and tax analysis.
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