GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
319 Cretcher Ave, De Graff, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Oct 31, 2026 |
| Remaining term | 0.4 yrs |
| Lease term (months) | — |
| Annual base rent | $119,934 |
| Base rent $/SF | $88.64 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Apr 04, 2026 |
| Year built | 2004 |
| Building SF | 1,353 |
| Land area (acres) | 0.62 |
| Pre G&A CFC | 2.87x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 0 |
| Households | 0 | 0 | 0 |
| Pop. density (/sq mi) | 0 | 0 | 0 |
| Avg HH income | — | — | — |
| Poverty rate | — | — | — |
| Bachelor's+ | — | — | — |
| Median home value | — | — | — |
| Median rent | — | — | — |
| Median age | — | — | — |
| Owner-occupied | — | — | — |
319 Cretcher Ave is a 1,353 SF convenience store and gas station in De Graff, Ohio, occupied by Village Variety operating under the Fas Mart banner and guaranteed by GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp. The location scores 25 out of 100 on internal grading metrics, reflecting thin population support and limited trade area fundamentals. With only 0.4 years of remaining lease term, this offering is effectively a near-term rollover play in a nonmetro Ohio market.
Demographic data for the 1-, 3-, and 5-mile rings returned zero population across all radii, indicating either a data gap or an extremely low-density rural catchment that does not support meaningful trade area analysis. Logan County's 2024 population of 46,085 reflects a flat trajectory, down just 29 residents from 2020, with no meaningful growth catalyst visible. The absence of income, poverty, and home value data further limits underwriting confidence in consumer demand at this site.
Logan County is classified as a nonmetro, urban 20K-plus, metro-adjacent county with 867 total business establishments and 17,033 employees, suggesting a modest but functioning local economy. Daytime employment within one mile totals only 245 workers, rising marginally to 290 within three miles, which constrains the fuel and convenience demand pool. Retail and food service establishments number 150 and 91 respectively countywide, indicating limited but present commercial activity.
The site carries a Walk Score of 32, confirming car-dependent access with minimal pedestrian traffic generation. Nearby retail density is negligible, with only two retail locations and three restaurants within one mile. The Bike Score of 44 is immaterial in this context, and the absence of a Transit Score reflects the rural character of the trade area.
The site falls in FEMA Flood Zone X, indicating minimal flood exposure. State-level crime data was unavailable, which limits a complete risk assessment. No EV charging infrastructure exists within five miles, offering a modest near-term insulation against fuel demand displacement, though that dynamic will evolve over time.
The lease expires October 31, 2026, leaving approximately five months of guaranteed income from closing. One renewal option remains, with a notice deadline of April 4, 2026, meaning the renewal decision is imminent and effectively transfers execution risk to the buyer immediately upon acquisition. Current rent of $119,934 annually at $88.64 per square foot is above typical convenience store market rents for a rural Ohio asset, raising re-leasing risk if GPM elects not to renew. The guarantor, GPM Investments backed by ARKO Corp., provides investment-grade-adjacent credit quality from the sixth-largest U.S. convenience operator with roughly 3,500 locations, which is the single most meaningful offset to location weakness. A buyer is essentially acquiring a near-expired lease on a challenged site with one option remaining and limited fallback if GPM exits.
Full institutional offering memorandum with all 48 briefs, maps, and tax analysis.
Download full OM (PDF)