GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
552 W Main St, Tazewell, VA
| Tenant / d/b/a | FasMart |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Nov 29, 2007 |
| Lease expiration | Nov 30, 2027 |
| Remaining term | 1.4 yrs |
| Lease term (months) | — |
| Annual base rent | $52,675 |
| Base rent $/SF | $20.36 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 2003 |
| Building SF | 2,587 |
| Land area (acres) | 0.40 |
| Pre G&A CFC | 0.47x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 552 W Main St |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 2,004 | 2,004 |
| Households | 0 | 977 | 977 |
| Pop. density (/sq mi) | 0 | 71 | 26 |
| Avg HH income | — | $54,933 | $54,933 |
| Poverty rate | — | 24.1% | 24.1% |
| Bachelor's+ | — | 21.6% | 21.6% |
| Median home value | — | $110,100 | $110,100 |
| Median rent | — | $711 | $711 |
| Median age | — | 50 | 50 |
| Owner-occupied | — | 58.4% | 58.4% |
FasMart Store #2551 at 552 W Main St, Tazewell, VA is a 2,587 SF convenience store on 0.40 acres, built 2003, operated by GPM Investments under a lease expiring November 30, 2027, leaving approximately 1.4 years of remaining term. The site scores 43 out of 100 on location grade, reflecting thin population density, modest traffic counts of 3,200 AADT, and a demographically constrained trade area. This is a short-term income play in a declining rural market, not a core growth asset.
The trade area is sparsely populated, with only 2,004 residents within both the 3-mile and 5-mile rings, indicating limited organic demand growth. Average household income of $54,933 and a poverty rate of 24.1% within 3 miles signal a price-sensitive consumer base with constrained discretionary spending. Median home values of $110,100 and median rent of $711 further confirm a low-wealth demographic profile.
Tazewell County is a nonmetro, non-adjacent rural county that shed approximately 1,536 residents between 2020 and 2024, a 3.8% population decline that points to structural demographic erosion. The county's total employment base of 11,043 across 896 establishments is modest, and the trade area supports only 1,989 daytime workers within one mile of the site. Economic fundamentals do not support meaningful rent growth or alternative use demand.
The site sits 0.03 miles from the nearest major road with 3,200 AADT, which is well below thresholds typically required to underwrite a high-performing fuel and convenience location. A Walk Score of 23 and Bike Score of 7 confirm near-total auto dependency in a low-traffic corridor. Two competing gas stations within 0.5 miles intensify pressure on fuel volume and inside sales.
FEMA designates the site as Zone X, presenting minimal flood hazard exposure. No material environmental, crime, or infrastructure red flags were identified in available data. The primary risk is commercial and economic, not physical.
With only 1.4 years of remaining term and a renewal notice deadline of March 1, 2027, a buyer faces near-term rollover risk immediately upon closing. Current rent of $52,675 annually ($20.36/SF) provides no contractual path to rent-at-expiration data, creating uncertainty around re-lease economics in a declining rural market. GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp. and the sixth-largest U.S. convenience operator with roughly 3,500 sites, provides meaningful credit quality, but that guarantor strength does not eliminate the binary outcome of renewal or vacancy in a substandard location.
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