GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
3120 Hwy 15 S, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2028 |
| Remaining term | 1.8 yrs |
| Lease term (months) | — |
| Annual base rent | $125,674 |
| Base rent $/SF | $36.26 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 04, 2027 |
| Year built | 1987 |
| Building SF | 3,466 |
| Land area (acres) | 1.66 |
| Pre G&A CFC | 2.60x (2024) |
| Lease status | Active |
Sumter is home to Shaw Air Force Base (Air Force's largest combat F-16 wing; ~8,200 active-duty plus families), a major military demand base.
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 | 4,808 | 19,591 |
| Households | 0 | 2,260 | 7,926 |
| Pop. density (/sq mi) | 0 | 170 | 249 |
| Avg HH income | — | $67,727 | $66,545 |
| Poverty rate | — | 11.1% | 14.4% |
| Bachelor's+ | — | 10.0% | 15.8% |
| Median home value | — | $112,200 | $131,033 |
| Median rent | — | $932 | $994 |
| Median age | — | 46 | 40 |
| Owner-occupied | — | 69.3% | 69.7% |
This Fas Mart-branded convenience store and gas station, operated by GPM Investments under the Youngs banner at 3120 Hwy 15 S in Sumter, SC, offers a short-duration net lease backed by a publicly traded, nationally scaled guarantor. The site earns a location grade of 56 out of 100, reflecting moderate traffic and thin immediate-area population density. Buyers should underwrite this as a near-term rollover play rather than a long-term coupon clip.
The immediate one-mile trade area reports effectively zero residential population, placing the site's demand base almost entirely on drive-by highway traffic and the 3,832 daytime workers within three miles. The three-mile ring shows modest household incomes averaging $67,727 and a median home value of $112,200, with an 11.1 percent poverty rate. The five-mile population of 19,591 at just 249 persons per square mile confirms a low-density, auto-dependent setting with limited organic foot-traffic generation.
Sumter County is a small metro market that has experienced mild population contraction, declining from 105,493 in 2020 to 104,776 in 2024, a loss of roughly 0.7 percent. County unemployment sits at 5.2 percent, modestly above national norms, and the retail base of 374 establishments signals limited commercial density. These conditions create a cautious backdrop for re-tenanting assumptions if the lease is not renewed.
The site sits 0.01 miles from a major road corridor with 12,100 vehicles per day, which is the primary demand driver. A Walk Score of 5 and only one nearby restaurant and two retail uses within a mile underscore complete auto dependency. Competitive density is low, with only one competing gas station within a full mile, which provides some capture advantage.
1. The lease expires March 31, 2028, leaving only 1.8 years of remaining term, creating near-term rollover exposure in a thin secondary market. 2. The one-mile trade area records zero residential population and zero dollar or discount store anchors, limiting the site's ability to attract alternative tenants at current rent levels if GPM vacates. 3. ARKO Corp., the Nasdaq-listed parent, has faced documented operational and financial pressures across its convenience-store portfolio, adding credit-quality nuance beyond the investment-grade optics of its scale.
With 1.8 years remaining and a single renewal option requiring notice by September 2027, a buyer faces an immediate binary decision on re-lease or disposition. Current rent of $125,674 annually provides income through expiration, but no rent-at-expiration escalation data is available to quantify growth. GPM Investments as guarantor provides the backing of the sixth-largest U.S. convenience-store operator with SEC-reporting transparency, which is meaningful credit support, though ARKO's recent performance warrants due diligence on lease renewal intent.
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