GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
4101 Postal Way, Myrtle Beach, SC
| Tenant / d/b/a | Scotchman |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2030 |
| Remaining term | 3.8 yrs |
| Lease term (months) | — |
| Annual base rent | $106,068 |
| Base rent $/SF | $19.13 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2029 |
| Year built | 2006 |
| Building SF | 5,545 |
| Land area (acres) | 1.27 |
| Pre G&A CFC | 10.56x (2024) |
| Lease status | Active |
Myrtle Beach is one of the most-visited beach-tourism destinations in the U.S.; demand is overwhelmingly seasonal/destination-driven and not reflected in resident metrics.
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 | 0 | 38,561 | 88,676 |
| Households | 0 | 14,515 | 31,879 |
| Pop. density (/sq mi) | 0 | 1,364 | 1,129 |
| Avg HH income | — | $94,009 | $88,474 |
| Poverty rate | — | 10.0% | 13.6% |
| Bachelor's+ | — | 31.6% | 30.5% |
| Median home value | — | $307,743 | $286,672 |
| Median rent | — | $1,309 | $1,294 |
| Median age | — | 45 | 39 |
| Owner-occupied | — | 84.2% | 75.5% |
This Scotchman-branded convenience store and gas station at 4101 Postal Way, Myrtle Beach, SC offers 3.8 years of remaining lease term backed by GPM Investments, a subsidiary of publicly traded ARKO Corp., the sixth-largest U.S. convenience-store operator. The 5,545 SF building sits within a high-growth coastal market but faces meaningful near-term rollover risk and significant on-site competitive pressure.
The 3-mile trade area supports 38,561 residents at an average household income of $94,009 and a median home value of $307,743, indicators of a stable, above-average consumer base. The 5-mile population of 88,676 reinforces meaningful fuel and convenience demand. The 1-mile population reads as zero, suggesting the immediate parcel is in a commercial or transitional zone with limited residential density directly adjacent.
Horry County is one of the fastest-growing markets in the Southeast, with population expanding 16.9% from 2020 to 2024, reaching 413,391. The Myrtle Beach metro's 10,313 business establishments and 118,467 employees reflect a diversified, tourism-anchored economy with durable retail demand. Unemployment at 4.8% is slightly elevated and warrants monitoring, though it is consistent with a hospitality-heavy labor market.
The site scores 62 on Walk Score and carries a location grade of Strong at 56 out of 100, reflecting adequate but not exceptional positioning. Proximity to a major road at 0.42 miles and 20 nearby restaurants and retailers within one mile indicate reasonable commercial density. Daytime employment of 3,923 within one mile provides a meaningful captive customer base for fuel and convenience transactions.
The property sits in FEMA Flood Zone X, representing minimal flood hazard and no material environmental exposure on that front. With 14 EV charging stations within five miles, the longer-term structural shift away from combustion-engine fueling is a slow-moving but real headwind. State-level crime data was not available, which limits a complete site-safety assessment.
At $106,068 in annual base rent with 3.8 years to expiration in March 2030, a buyer faces near-term rollover risk with limited contractual income visibility beyond that horizon. The lease provides only one of two renewal options remaining, with notice required by September 2029, creating a tight decision window. GPM Investments as guarantor, backed by ARKO Corp.'s scale across roughly 3,500 sites and its Nasdaq-listed, SEC-reporting status, provides institutional-grade credit quality, partially mitigating short-term uncertainty.
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