GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
303 E 5th St, Marysville, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Dec 31, 2028 |
| Remaining term | 2.5 yrs |
| Lease term (months) | — |
| Annual base rent | $138,651 |
| Base rent $/SF | $54.93 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Jun 05, 2028 |
| Year built | 2001 |
| Building SF | 2,524 |
| Land area (acres) | 0.38 |
| Pre G&A CFC | 2.08x (2024) |
| Lease status | Active |
Marysville is the heart of Honda's U.S. manufacturing (Marysville Auto Plant; ~13,000+ Honda jobs across the Ohio operations) — a large daytime/employment demand base beyond resident rooftops.
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 | 3,880 | 25,535 | 30,338 |
| Households | 1,869 | 9,326 | 10,875 |
| Pop. density (/sq mi) | 1,235 | 903 | 386 |
| Avg HH income | $96,111 | $107,886 | $115,759 |
| Poverty rate | 9.7% | 7.3% | 6.2% |
| Bachelor's+ | 31.4% | 32.1% | 36.1% |
| Median home value | $250,800 | $279,780 | $302,613 |
| Median rent | $1,116 | $1,203 | $1,227 |
| Median age | 36 | 37 | 37 |
| Owner-occupied | 79.3% | 71.5% | 75.1% |
303 E 5th St in Marysville, OH is a 2,524 SF Fas Mart convenience store operated by GPM Investments under a lease expiring December 31, 2028, leaving approximately 2.5 years of remaining term. The site earns a Strong location grade of 61/100, anchored by a fast-growing suburban county and a publicly traded institutional guarantor. Near-term lease rollover and heavy local competition are the primary underwriting concerns.
The 3-mile trade area supports 25,535 residents with average household income of $107,886, a 71.5% homeownership rate, and a low 7.3% poverty rate, all indicative of a stable, middle-income consumer base. Population density at the 1-mile ring reaches 1,235 per square mile, providing meaningful walk-in and drive-by demand for a convenience format.
Union County has grown 13.7% from 2020 to 2024, reaching 71,721 residents, with a 3.4% unemployment rate that signals a healthy local economy. Daytime employment density of 7,119 jobs within one mile and a day-to-night ratio of 1.83 confirm strong weekday traffic generation for a convenience and fuel operation.
The site sits 0.14 miles from a major road and carries a Walk Score of 76, reflecting genuine pedestrian accessibility uncommon for a gas station format. With 20 nearby restaurants and 20 retail destinations within one mile, the surrounding commercial density supports consistent customer traffic patterns.
Competitive saturation is a material concern, with 6 competing gas stations located within 0.5 miles. The FEMA flood designation is Zone X, indicating minimal environmental risk. State-level crime data was unavailable for direct scoring, which limits a complete risk-adjusted site assessment.
With 2.5 years remaining and a single renewal option requiring notice by June 2028, a buyer faces near-term rollover risk with limited runway to resolve it post-acquisition. Current rent of $138,651 ($54.93/SF) has no disclosed step-up at expiration, leaving rent mark-to-market exposure entirely dependent on renewal negotiation or re-tenanting. The guarantor, GPM Investments as a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 locations, provides institutional-grade credit support through the lease term. For a buyer, ARKO's scale and public reporting reduce near-term default risk, but the shallow remaining term compresses the duration of that credit benefit and demands a cap rate that reflects the embedded rollover premium.
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