GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1233 N Main St, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2029 |
| Remaining term | 2.8 yrs |
| Lease term (months) | — |
| Annual base rent | $97,611 |
| Base rent $/SF | $38.16 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2028 |
| Year built | 1991 |
| Building SF | 2,558 |
| Land area (acres) | 0.67 |
| Pre G&A CFC | 0.78x (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 | 3,557 | 21,774 | 44,277 |
| Households | 1,066 | 8,593 | 17,354 |
| Pop. density (/sq mi) | 1,132 | 770 | 564 |
| Avg HH income | $52,163 | $62,264 | $69,090 |
| Poverty rate | 47.3% | 22.7% | 19.0% |
| Bachelor's+ | 10.1% | 25.1% | 24.4% |
| Median home value | $92,800 | $126,150 | $141,416 |
| Median rent | $641 | $992 | $998 |
| Median age | 34 | 39 | 40 |
| Owner-occupied | 36.2% | 52.1% | 62.6% |
This Fas Mart-branded convenience store and gas station at 1233 N Main St in Sumter, SC is a mid-term net lease opportunity backed by GPM Investments, a subsidiary of publicly traded ARKO Corp. The site carries an average location grade of 45/100, reflecting modest traffic counts, elevated local poverty, and a dense competitive environment. Investors should underwrite this asset primarily as a credit-tenancy play with near-term rollover exposure rather than a core location hold.
The immediate one-mile trade area is stressed, with a 47.3% poverty rate and average household income of just $52,163, limiting per-site spending potential. The three-mile ring offers modest improvement at $62,264 average household income and 22.7% poverty, with a population of 21,774. These demographics are below institutional benchmarks for convenience retail and represent a structural demand ceiling for the operator.
Sumter County is a sub-250K metro market that has experienced slight population contraction, declining from 105,493 to 104,776 between 2020 and 2024, with unemployment at 5.2%. The county's 1,821 total business establishments and 30,656 employees indicate a modest local economy with limited growth catalysts. This is a stable but low-growth operating environment unlikely to meaningfully lift store-level performance.
Site traffic is thin at 1,750 AADT, and the Walk Score of 12 confirms near-total auto dependency with minimal ambient foot traffic. The competitive landscape is unfavorable, with nine competing gas stations within one mile, creating significant pressure on fuel margin and in-store volume. Proximity to a major road at 0.02 miles is a modest positive, but it does not offset the broader access and visibility limitations.
The FEMA flood designation is Zone X, indicating minimal flood exposure, which is a clean environmental baseline. State-level crime statistics were not available for this analysis. No material environmental or physical risk flags were identified beyond the competitive and demographic concerns noted above.
With 2.8 years of remaining term through March 2029, a buyer faces near-term rollover risk and must underwrite renewal probability carefully given the site's average grade. The single renewal option available with a September 2028 notice deadline compresses the decision window. Current rent of $97,611 annually ($38.16/SF) provides a known income stream, but rent at expiration is unavailable, limiting visibility into re-lease economics. The guarantor, GPM Investments under ARKO Corp. (Nasdaq: ARKO), provides institutional-grade credit as the sixth-largest U.S. convenience-store operator with roughly 3,500 sites, which meaningfully supports near-term cash flow certainty even as the location fundamentals are average.
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