GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
12556 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 | $95,470 |
| Base rent $/SF | $37.87 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 2001 |
| Building SF | 2,521 |
| Land area (acres) | 0.80 |
| Pre G&A CFC | -0.25x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 12556 Orby Cantrell Hwy |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 3,080 |
| Households | 0 | 0 | 1,030 |
| Pop. density (/sq mi) | 0 | 0 | 39 |
| Avg HH income | — | — | $54,742 |
| Poverty rate | — | — | 19.0% |
| Bachelor's+ | — | — | 8.4% |
| Median home value | — | — | $94,900 |
| Median rent | — | — | $620 |
| Median age | — | — | 40 |
| Owner-occupied | — | — | 80.9% |
This FasMart convenience store and gas station at 12556 Orby Cantrell Hwy in Pound, Virginia is a rural single-tenant net lease asset with 1.4 years of remaining term, a corporate guaranty from GPM Investments (ARKO Corp., Nasdaq: ARKO), and a location scoring a poor 23 out of 100. The trade area is extremely thin, with no measurable population within three miles and only 3,080 residents within five miles at a density of 39 people per square mile. This is a near-term rollover play with meaningful re-leasing and residual value risk in a declining Appalachian market.
The immediate one- and three-mile rings show zero population, reflecting the heavily forested, mountainous terrain of Wise County rather than a data error. The five-mile population of 3,080 carries a 19 percent poverty rate and average household income of just $54,742, well below national benchmarks. These figures confirm a structurally limited consumer base with constrained discretionary spending.
Wise County is a non-metro, non-adjacent county with a shrinking population that declined three percent from 2020 to 2024, now at approximately 34,973 residents. The local economy is small, with only 598 total establishments and 7,678 employees countywide. This is a legacy coal-economy market with limited absorption capacity for retail real estate.
Daily traffic of 6,100 vehicles is the primary demand driver, and the site sits 0.01 miles from the nearest major road. However, three competing gas stations exist within half a mile, and the walk score of zero confirms full auto dependency with virtually no ambient foot traffic or complementary retail ecosystem nearby.
FEMA designates the site Zone X, indicating minimal flood hazard. The surrounding area presents no meaningful physical or environmental red flags from available data. Crime data is not reported at the state level in the provided inputs, which limits full risk assessment.
With only 1.4 years remaining on a lease that commenced in 2007, the buyer is acquiring near-expiration income rather than long-term cash flow stability. Current rent is $95,470 annually at $37.87 per square foot, with no disclosed rent at expiration, creating uncertainty around re-leasing economics in a weak market. One renewal option remains, with a notice deadline of March 2027, giving GPM full optionality to exit. ARKO Corp. is a publicly traded, SEC-reporting operator of roughly 3,500 locations and provides institutional-grade credit, but that credit quality does not offset the near-term rollover risk and location fundamentals.
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