GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1075 E Grant Hwy, Marengo, IL
| Tenant / d/b/a | Road Ranger |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Dec 28, 2009 |
| Lease expiration | Dec 31, 2029 |
| Remaining term | 3.4 yrs |
| Lease term (months) | — |
| Annual base rent | $184,202 |
| Base rent $/SF | $50.00 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/4 |
| Notice date | Jun 05, 2029 |
| Year built | 2006 |
| Building SF | 3,684 |
| Land area (acres) | 1.38 |
| Pre G&A CFC | 1.23x (2020) |
| Lease status | SUBLEASED |
| Operating tenant | 1075 E Grant Hwy |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 19,211 |
| Households | 0 | 0 | 6,817 |
| Pop. density (/sq mi) | 0 | 0 | 245 |
| Avg HH income | — | — | $125,866 |
| Poverty rate | — | — | 6.8% |
| Bachelor's+ | — | — | 33.6% |
| Median home value | — | — | $299,196 |
| Median rent | — | — | $1,382 |
| Median age | — | — | 36 |
| Owner-occupied | — | — | 82.7% |
This Road Ranger / Fas Mart convenience store and gas station in Marengo, Illinois carries a location grade of 48 out of 100, reflecting thin nearby population density and modest traffic counts. The investment thesis rests primarily on lease structure and guarantor credit rather than site fundamentals. With 3.4 years of term remaining and a single four-year renewal option, buyers face near-term rollover exposure at a rural Illinois location.
The 1-mile and 3-mile trade areas report effectively zero residential population, making the site almost entirely dependent on pass-through highway traffic rather than a captive consumer base. The 5-mile ring reaches 19,211 residents with a strong average household income of $125,866 and low poverty of 6.8%, providing some regional demand context but limited direct support for the site. McHenry County has grown modestly from 309,973 to 315,959 residents between 2020 and 2024, a 1.9% gain that signals stable rather than dynamic underlying demand.
McHenry County is classified as part of a metro area exceeding one million in population, providing a credible regional economic backdrop with 85,659 employees across 8,082 establishments and a 4.0% unemployment rate. The site sits 0.01 miles from a major road with 8,100 vehicles per day, positioning it as a highway fueling stop rather than a neighborhood convenience destination. The absence of competing gas stations within a half mile is notable, though total traffic volume remains modest for a net lease fuel asset.
The Walk Score of 45 confirms car dependency, which is structurally appropriate for a fuel and convenience format but limits alternative use scenarios if the tenant vacates. Twenty nearby restaurants within one mile suggest some corridor activity, but only six nearby retail establishments signal a thin commercial node.
1. FEMA designates the site as Flood Zone AE, indicating a 1% annual chance of flooding, which introduces property-level physical risk and may complicate financing or insurance costs. 2. Demographic data for 1-mile and 3-mile rings is effectively zero population, meaning the site has no residential demand cushion and is entirely traffic-dependent. 3. The location grade of 48 out of 100 suggests below-average re-tenanting prospects if Road Ranger elects not to renew.
With 3.4 years of remaining term at $184,202 annually and no disclosed rent at expiration, buyers have limited visibility into re-pricing risk at rollover. The single four-year renewal option provides modest optionality, but the June 2029 notice deadline concentrates decision risk. GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 locations, provides meaningful institutional credit quality that partially offsets the site's physical limitations.
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