GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
730 S State Ave, Indianapolis, IN
| Tenant / d/b/a | |
| Guarantor | |
| Lease commencement | |
| Lease expiration | |
| Remaining term | — |
| Lease term (months) | — |
| Annual base rent | — |
| Base rent $/SF | — |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | |
| Notice date | |
| Year built | |
| Building SF | — |
| Land area (acres) | — |
| Pre G&A CFC | -0.01x (2023) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 13,110 | 110,428 | 236,668 |
| Households | 5,403 | 48,498 | 102,949 |
| Pop. density (/sq mi) | 4,173 | 3,906 | 3,013 |
| Avg HH income | $97,689 | $81,332 | $74,269 |
| Poverty rate | 14.5% | 22.8% | 21.8% |
| Bachelor's+ | 37.7% | 34.6% | 28.8% |
| Median home value | $272,859 | $211,962 | $183,192 |
| Median rent | $1,275 | $1,124 | $1,071 |
| Median age | 34 | 33 | 34 |
| Owner-occupied | 47.6% | 43.7% | 47.8% |
730 S State Ave is a Village Pantry convenience store and gas station in Indianapolis, Indiana, guaranteed by GPM Investments, a subsidiary of publicly traded ARKO Corp. The site earns a location grade of 67 out of 100, reflecting adequate but not exceptional fundamentals driven by dense urban population and strong daytime employment offset by heavy direct competition. This is a core urban convenience play with a credible institutional guarantor.
The 1-mile trade area holds 13,110 residents at 4,173 per square mile with an average household income of $97,689, a notably strong figure for an urban Indianapolis location. The 3-mile population of 110,428 shows more modest average household income of $81,332 and an elevated poverty rate of 22.8%, indicating income bifurcation across the broader catchment. Population growth at the county level is essentially flat at 0.5% from 2020 to 2024.
Marion County anchors the Indianapolis MSA, a top-tier Midwest market with over 980,000 residents, 535,000 employees, and an unemployment rate of 3.6% that reflects a healthy labor market. The 3-mile ring captures 167,613 daytime workers, providing a substantial captive customer base for fuel and convenience purchases during commuting hours.
Traffic at 4,751 vehicles per day is low for a gas station site and represents a meaningful constraint on fuel volume potential. The Walk Score of 55 and Transit Score of 38 indicate limited pedestrian and transit-driven foot traffic, while proximity of 0.45 miles to the nearest major road reduces impulse capture from arterial traffic.
Flood risk is minimal under FEMA Zone X. No dollar or discount store competition exists within a half mile, which modestly reduces convenience retail substitution pressure. Crime data at the state level was unavailable, which limits a full underwriting of location-level safety risk.
Lease terms including remaining duration, base rent, rent escalations, and renewal options were not provided, which materially limits underwriting precision and requires buyer diligence to assess rollover exposure and rent mark-to-market risk. The guarantor, GPM Investments under ARKO Corp., is the sixth-largest U.S. convenience operator with approximately 3,500 sites across 34 states, listed on Nasdaq and fully SEC-reporting, which provides meaningful credit comfort. Buyers should weigh that institutional-grade guarantee against the site's below-average traffic count and elevated competition before accepting a premium cap rate compression.
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