GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
125 N Annie Glidden Rd, Dekalb, IL
| Tenant / d/b/a | Road Ranger |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Dec 28, 2009 |
| Lease expiration | Dec 31, 2027 |
| Remaining term | 1.5 yrs |
| Lease term (months) | — |
| Annual base rent | $238,981 |
| Base rent $/SF | $39.36 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/4 |
| Notice date | Jun 05, 2027 |
| Year built | 1963 |
| Building SF | 6,071 |
| Land area (acres) | 1.30 |
| Pre G&A CFC | 0.40x (2020) |
| Lease status | SUBLEASED |
| Operating tenant | 125 N Annie Glidden Rd |
DeKalb is home to Northern Illinois University, a large student/daytime 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 | 14,788 | 32,614 | 50,392 |
| Households | 5,939 | 12,798 | 20,176 |
| Pop. density (/sq mi) | 4,707 | 1,153 | 642 |
| Avg HH income | $44,114 | $62,598 | $70,603 |
| Poverty rate | 39.9% | 29.9% | 23.3% |
| Bachelor's+ | 36.6% | 38.1% | 35.6% |
| Median home value | $198,390 | $224,389 | $207,463 |
| Median rent | $1,035 | $1,057 | $1,040 |
| Median age | 24 | 28 | 31 |
| Owner-occupied | 18.4% | 35.1% | 46.9% |
This net lease convenience store and gas station at 125 N Annie Glidden Rd, DeKalb, IL is occupied by Road Ranger (Fas Mart), guaranteed by GPM Investments, LLC, a subsidiary of publicly traded ARKO Corp., with approximately 1.5 years of remaining term and one four-year renewal option. The site earns a location grade of 60 out of 100 (Strong), supported by a dense immediate population and university-adjacent daytime demand, but tempered by elevated poverty rates and meaningful near-term lease rollover exposure. A buyer is effectively underwriting a short-duration income stream with a value-add or re-tenanting component priced in.
The 1-mile trade area holds 14,788 residents at a density of 4,707 per square mile, though average household income of $44,114 and a 39.9% poverty rate signal a price-sensitive consumer base. The 3-mile ring broadens to 32,614 people with average household income rising to $62,598, indicating a modest income gradient as one moves outward. These demographics are consistent with a convenience-and-fuel model but limit upside for higher-margin retail conversions.
DeKalb County is a stable Midwest metro with modest population growth of roughly 1% from 2020 to 2024 and a 4.0% unemployment rate broadly in line with national norms. Northern Illinois University anchors the local economy, contributing to the 14,702 daytime workers within 3 miles and supporting consistent fuel and convenience demand. The retail and food-service base of 451 combined establishments reflects a functional but not high-growth trade environment.
The site sits 0.07 miles from a major road and draws 12,900 vehicles per day, providing adequate but not exceptional traffic exposure for a convenience-and-fuel format. A Walk Score of 69 and Bike Score of 88 reflect the university-adjacent character of the immediate area, supporting foot and bike traffic as supplemental demand drivers. Twenty nearby restaurants and twenty nearby retail locations within one mile indicate a reasonably active commercial corridor.
The property sits in FEMA Flood Zone X, indicating minimal flood hazard and no material environmental exposure on that dimension. Seven competing gas stations within one mile represent a dense competitive set that constrains pricing power and customer capture rates. No discount or dollar store competition within 0.5 miles is a modest positive for convenience-oriented basket size.
With only 1.5 years of remaining term through December 31, 2027, this offering is primarily a near-term rollover play rather than a stabilized income vehicle. The lease carries one four-year renewal option, with notice required by June 5, 2027, giving a buyer limited runway to assess GPM's intentions before the decision window closes. Current rent of $238,981 annually ($39.36 per square foot) is elevated for a 1963-vintage 6,071-square-foot building, and the absence of disclosed rent-at-expiration data creates uncertainty around renewal economics. GPM Investments as guarantor provides meaningful credit support through ARKO Corp.'s SEC-reporting, Nasdaq-listed platform operating roughly 3,500 sites, but ARKO has faced margin pressure in a normalizing fuel environment, and buyers should review current financials independently. The risk-return profile suits opportunistic or value-add buyers who can underwrite re-tenanting or redevelopment, not core investors seeking long-duration, passive income.
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