GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1487 Main St, Bonneau, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2031 |
| Remaining term | 4.8 yrs |
| Lease term (months) | — |
| Annual base rent | $44,535 |
| Base rent $/SF | $12.22 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2030 |
| Year built | 1996 |
| Building SF | 3,644 |
| Land area (acres) | 0.77 |
| Pre G&A CFC | 3.38x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 4,182 | 5,829 |
| Households | 0 | 1,709 | 2,422 |
| Pop. density (/sq mi) | 0 | 148 | 74 |
| Avg HH income | — | $86,085 | $81,350 |
| Poverty rate | — | 10.0% | 13.9% |
| Bachelor's+ | — | 14.1% | 12.5% |
| Median home value | — | $226,700 | $206,328 |
| Median rent | — | $878 | $880 |
| Median age | — | 48 | 49 |
| Owner-occupied | — | 82.9% | 83.6% |
This net lease convenience store and gas station at 1487 Main St, Bonneau, SC is operated by Youngs under the Fas Mart brand, a GPM Investments concept backed by publicly traded ARKO Corp. The site earned an average location grade of 45 out of 100, reflecting modest rural demographics, limited density, and elevated near-field competition. At $44,535 in annual base rent with 4.8 years of term remaining, the investment thesis rests heavily on credit quality rather than location strength.
The immediate one-mile trade area reports zero residential population, indicating the site draws from a dispersed rural catchment rather than a walkable neighborhood core. The three-mile ring captures 4,182 residents at a low density of 148 per square mile, with average household income of $86,085 and an 82.9 percent owner-occupancy rate suggesting stable, longer-tenured households. The five-mile population of 5,829 at a density of 74 per square mile confirms this is a thin, drive-to market with limited organic demand growth.
Berkeley County is a genuine growth story, expanding 14.2 percent from 231,508 to 264,276 residents between 2020 and 2024, with unemployment at a healthy 3.5 percent. However, Bonneau itself sits on the rural periphery of that growth corridor, and county-level tailwinds may not translate meaningfully to this specific node. The site's 15,100 AADT provides a functional traffic base for a convenience fuel stop but is not exceptional for a competitive fuel market.
The site sits 0.01 miles from a major road, providing good arterial visibility, but a Walk Score of 22 confirms near-total car dependency with negligible pedestrian or transit support. Four nearby restaurants and seven retail destinations within one mile represent a thin amenity ecosystem that does little to reinforce destination traffic.
Flood exposure is minimal under FEMA Zone X, and no EV charging stations exist within five miles, limiting near-term electrification disruption at this rural location. Crime data is unavailable at the state level as reported, which limits a full risk underwrite.
With 4.8 years of remaining term expiring March 2031 and a single renewal option, a buyer faces a near-to-medium-term rollover event on an average-graded rural site. At $12.22 per square foot, rent is modest and renewal economics are unspecified, creating re-leasing uncertainty. The guarantor, GPM Investments as a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 sites, provides meaningful institutional credit support that partially offsets location risk for the hold period.
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