GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1003 Manning Ave, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Dec 31, 2026 |
| Remaining term | 0.4 yrs |
| Lease term (months) | — |
| Annual base rent | $91,510 |
| Base rent $/SF | $50.39 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Jun 04, 2026 |
| Year built | 1968 |
| Building SF | 1,816 |
| Land area (acres) | 0.43 |
| Pre G&A CFC | -0.95x (2023) |
| 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 | 4,556 | 14,766 | 47,051 |
| Households | 1,715 | 6,268 | 18,420 |
| Pop. density (/sq mi) | 1,450 | 522 | 599 |
| Avg HH income | $39,782 | $55,566 | $71,041 |
| Poverty rate | 28.5% | 19.1% | 17.5% |
| Bachelor's+ | 11.1% | 18.1% | 25.3% |
| Median home value | $65,684 | $115,723 | $148,254 |
| Median rent | $822 | $880 | $1,087 |
| Median age | 35 | 41 | 39 |
| Owner-occupied | 48.6% | 57.3% | 64.7% |
This net lease convenience store and gas station at 1003 Manning Ave, Sumter, SC is operated by Youngs/Fas Mart under a GPM Investments (ARKO Corp.) guarantee expiring December 31, 2026, leaving only 0.4 years of remaining term. The site earned an Average location grade of 45/100, reflecting modest traffic, high local competition, and below-average demographics. Buyers face a near-term rollover decision in a secondary market with limited institutional demand drivers.
The immediate one-mile trade area shows a population of 4,556 with average household income of just $39,782 and a poverty rate of 28.5%, well below national norms. The three-mile ring expands to 14,766 residents with average household income of $55,566, though median home values of $115,723 and a bachelor's degree attainment rate of 18.1% indicate a lower-middle income, working-class customer base. These metrics support convenience retail but constrain fuel volume and in-store spend per visit.
Sumter County is a small metro market with a declining population, down 0.7% from 2020 to 2024, and an unemployment rate of 5.2% that runs above the national average. The county supports 1,821 total establishments and 30,656 employees, reflecting a modest but functional local economy. There are no strong demand accelerators, such as population growth, major employer expansion, or infrastructure investment, visible in the available data.
Site traffic of only 850 AADT is critically low for a fuel and convenience operation, and the Walk Score of 42 confirms a car-dependent environment with limited organic foot traffic. Ten competing gas stations within one mile represent severe market saturation that pressures both fuel margin and customer capture rates. Nine nearby restaurants and 19 retail locations within a mile provide some co-tenancy context but do not offset the competitive headwinds.
1. Flood risk is minimal, as the property sits in FEMA Zone X, presenting no environmental exposure on that front. 2. Crime statistics at the state level were unavailable, limiting full risk assessment for this location. 3. The 1968 vintage building of 1,816 square feet may carry deferred capital needs that a buyer should diligence prior to closing.
With only 0.4 years remaining on the lease and a June 2026 renewal notice deadline already approaching, this asset is effectively a rollover play. The tenant holds one of two renewal options, and at $91,510 annual rent ($50.39 per square foot), the current rent is the known figure since no escalated expiration rent is disclosed. GPM Investments, as a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience store operator with roughly 3,500 sites, provides meaningful credit quality, but that guarantee does not eliminate site-level renewal risk. A buyer must underwrite the probability that GPM exercises its option on a low-traffic, saturated location versus vacating, which would leave a 1968-vintage building in a secondary market requiring re-tenanting or redevelopment.
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