GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
8369 Highway 19 E, Roan Mountain, TN
| Tenant / d/b/a | FasMart |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Nov 29, 2007 |
| Lease expiration | Nov 30, 2027 |
| Remaining term | 1.4 yrs |
| Lease term (months) | — |
| Annual base rent | $99,125 |
| Base rent $/SF | $28.80 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 2003 |
| Building SF | 3,442 |
| Land area (acres) | 0.47 |
| Pre G&A CFC | 3.20x (2024) |
| Lease status | Active |
Roan Mountain is the gateway to Roan Mountain State Park and Appalachian Trail access (Carvers Gap), drawing seasonal outdoor-recreation tourism well beyond its small resident base.
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 | 0 | 3,512 | 3,512 |
| Households | 0 | 1,192 | 1,192 |
| Pop. density (/sq mi) | 0 | 124 | 45 |
| Avg HH income | — | $67,754 | $67,754 |
| Poverty rate | — | 23.6% | 23.6% |
| Bachelor's+ | — | 14.5% | 14.5% |
| Median home value | — | $157,600 | $157,600 |
| Median rent | — | $905 | $905 |
| Median age | — | 41 | 41 |
| Owner-occupied | — | 90.3% | 90.3% |
This FasMart convenience store and gas station at 8369 Highway 19 E in Roan Mountain, Tennessee carries a weak location grade of 36 out of 100, reflecting thin trade-area population, low density, and limited commercial activity. With only 1.4 years of term remaining and a single renewal option, near-term lease rollover risk dominates the investment thesis. The deal is effectively a short-duration income play underwritten on GPM Investments credit, not location quality.
The immediate one-mile ring shows no measurable residential population, with the three-mile trade area reaching only 3,512 people at a density of 124 per square mile. Average household income of $67,754 is modest, and a poverty rate of 23.6 percent signals limited discretionary spending capacity. Population is essentially flat between the three-mile and five-mile rings, indicating no meaningful growth buffer.
Carter County is a small metro market of approximately 57,400 residents that grew just 1.9 percent from 2020 to 2024, with only 742 total business establishments and 8,912 employees countywide. The local economic base is thin, and the site's rural Highway 19 E corridor offers limited institutional demand drivers. Two competing gas stations sit within half a mile, compressing pricing power and fuel volume potential.
The site scores 18 on Walk Score, confirming near-total auto dependence, with a Bike Score of 10 and no meaningful transit. Ten restaurants and eight retail establishments within one mile provide modest co-tenancy, but daytime employment of only 87 workers within one mile severely limits captive traffic. AADT data is unavailable, creating a material gap in underwriting fuel volume and sales performance.
The property sits in FEMA Flood Zone X, presenting minimal flood exposure. Crime statistics at the state level are unavailable, limiting full risk profiling. EV charging infrastructure in the area is nascent, with only one station within five miles, posing a longer-term structural demand risk to fuel volumes.
With only 1.4 years of remaining term, a buyer is acquiring near-term rollover risk on a weak-grade location. The current rent of $99,125 annually at $28.80 per square foot provides a defined near-term income stream, but no rent at expiration figure is disclosed, making re-lease or renewal economics uncertain. The single remaining renewal option with a March 2027 notice deadline compresses decision timelines. GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp., provides meaningful institutional credit quality as the sixth-largest U.S. convenience store operator across roughly 3,500 sites, but that credit strength does not offset the fundamental location weakness if the tenant elects not to renew.
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