GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
2025 E Remus Rd, Mount Pleasant, MI
| Tenant / d/b/a | Marathon |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Oct 09, 2007 |
| Lease expiration | Dec 31, 2027 |
| Remaining term | 1.5 yrs |
| Lease term (months) | — |
| Annual base rent | $126,943 |
| Base rent $/SF | $80.80 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Jun 04, 2027 |
| Year built | 1990 |
| Building SF | 1,571 |
| Land area (acres) | 1.60 |
| Pre G&A CFC | 2.43x (2024) |
| Lease status | Active |
Mount Pleasant is home to Central Michigan University (~15,000 students) and the Soaring Eagle Casino & Resort — Michigan's largest gaming floor, whose concert series alone draws 13,000+ per show. Student and destination demand supplement the resident 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 | 24,930 | 36,964 |
| Households | 0 | 9,352 | 14,462 |
| Pop. density (/sq mi) | 0 | 882 | 471 |
| Avg HH income | — | $58,141 | $65,854 |
| Poverty rate | — | 40.0% | 30.8% |
| Bachelor's+ | — | 43.9% | 42.5% |
| Median home value | — | $162,937 | $168,839 |
| Median rent | — | $879 | $917 |
| Median age | — | 25 | 29 |
| Owner-occupied | — | 29.8% | 41.1% |
This Marathon-branded convenience store at 2025 E Remus Rd, Mount Pleasant, MI is a 1,571 SF net lease asset on 1.6 acres with 1.5 years of remaining term and a location grade of 55 out of 100. The site scores average across traffic, demographics, and competitive positioning, making this a short-duration, rollover-driven acquisition with meaningful re-tenanting or renewal risk baked in at the outset.
The 1-mile trade area reports zero populated residents, suggesting the site sits in a commercial or transitional corridor with limited immediate residential density. The 3-mile ring captures 24,930 residents at a modest average household income of $58,141 and an elevated poverty rate of 40.0%, pointing to a price-sensitive consumer base. The 5-mile population of 36,964 with 30.8% poverty offers only marginal improvement and does not substantially strengthen the demand profile.
Isabella County is a nonmetro market anchored by Central Michigan University, which explains the 43.9% bachelor-plus rate alongside a 40% poverty rate — a college-town dynamic that compresses durable retail spending. Population growth from 2020 to 2024 was minimal at 0.9%, and unemployment sits at 5.1%. The market supports basic fuel and convenience demand but lacks the income depth or population trajectory to attract premium operators.
Traffic exposure at 9,672 vehicles per day is below the threshold most institutional buyers target for gas station assets, and a Walk Score of 24 confirms near-total auto dependency. Five nearby restaurants and six retail establishments within one mile indicate a thin commercial support ecosystem with limited co-tenancy to drive incremental traffic.
FEMA Flood Zone X designation confirms minimal physical hazard risk at the site. The primary risks here are economic and lease-driven rather than environmental. No material physical or environmental concerns are flagged based on available data.
With only 1.5 years remaining, this deal prices almost entirely on rollover optionality, not income duration. There is one renewal option remaining, with a notice deadline of June 2027, meaning a buyer must act quickly post-closing to understand the tenant's intentions. No rent-at-expiration data is available, leaving renewal economics unresolved. The guarantor, GPM Investments under ARKO Corp., is a publicly traded, SEC-reporting operator of roughly 3,500 sites, providing meaningful credit depth — but that credit is only relevant if the tenant elects to renew.
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