GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
11503 Orby Cantrell Hwy, Pound, VA
| 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 | $88,461 |
| Base rent $/SF | $21.92 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 1990 |
| Building SF | 4,036 |
| Land area (acres) | 1.28 |
| Pre G&A CFC | -0.62x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 11503 Orby Cantrell Hwy |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 4,820 |
| Households | 0 | 0 | 1,758 |
| Pop. density (/sq mi) | 0 | 0 | 61 |
| Avg HH income | — | — | $57,558 |
| Poverty rate | — | — | 16.0% |
| Bachelor's+ | — | — | 9.1% |
| Median home value | — | — | $98,474 |
| Median rent | — | — | $725 |
| Median age | — | — | 41 |
| Owner-occupied | — | — | 84.1% |
This FasMart convenience store and gas station at 11503 Orby Cantrell Hwy in Pound, Virginia is a rural, single-tenant net lease asset with a critically short remaining term of 1.4 years and deeply challenged underlying demographics. The location scored 25 out of 100 on the internal grading scale, reflecting thin population density, limited daytime employment, and a shrinking county base. Buyer interest will be narrowly concentrated among investors comfortable with near-term lease rollover risk in a distressed rural market.
The immediate 1-mile and 3-mile trade areas report zero measurable population, indicating the site sits in a sparsely settled corridor without a meaningful residential consumer base. Extending to 5 miles captures only 4,820 residents at a density of 61 per square mile, with average household income of $57,558 and a poverty rate of 16.0%. These figures fall well below thresholds typically required to support a stabilized convenience retail underwriting.
Wise County is a nonmetro, non-adjacent county that lost approximately 3.0% of its population between 2020 and 2024, shrinking from 36,066 to 34,973 residents. The local economy supports 598 total establishments and 7,678 employees, a thin base that limits organic traffic growth. Secular population decline and geographic isolation reduce the probability of meaningful rent escalation or alternative tenant demand at lease expiration.
Traffic volume of 6,000 vehicles per day is modest for a gas station and convenience store format, and daytime employment within 3 miles reaches only 734 jobs. The Walk Score of 13 and Bike Score of 2 confirm near-total auto dependency in a low-density rural setting with minimal surrounding retail amenity.
The site sits in FEMA Flood Zone X, representing minimal flood hazard. No additional crime or environmental flags were identified in the provided data. Operational continuity risk stems from structural market weakness rather than site-specific physical hazards.
With only 1.4 years of lease term remaining and a renewal notice deadline of March 2027, a buyer acquires a near-term rollover event rather than durable income. Current rent is $88,461 annually at $21.92 per square foot, with no disclosed rent at expiration or escalation structure, limiting visibility into residual cash flow. GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp., provides investment-grade-quality guaranty from the sixth-largest U.S. convenience operator, which partially mitigates credit risk during the remaining term but does not resolve the fundamental re-leasing uncertainty in a declining rural market.
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