GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
226 Broad 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 | 2.6 yrs |
| Lease term (months) | — |
| Annual base rent | $53,686 |
| Base rent $/SF | $21.06 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2028 |
| Year built | 1988 |
| Building SF | 2,549 |
| Land area (acres) | 0.92 |
| Pre G&A CFC | -0.11x (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 | 3,522 | 22,995 | 47,051 |
| Households | 1,635 | 9,157 | 18,420 |
| Pop. density (/sq mi) | 1,121 | 813 | 599 |
| Avg HH income | $56,713 | $60,641 | $71,041 |
| Poverty rate | 8.6% | 23.1% | 17.5% |
| Bachelor's+ | 25.6% | 24.1% | 25.3% |
| Median home value | $115,300 | $122,850 | $148,254 |
| Median rent | $788 | $979 | $1,087 |
| Median age | 43 | 40 | 39 |
| Owner-occupied | 60.2% | 51.9% | 64.7% |
226 Broad St in Sumter, SC is a 2,549 SF convenience store operated by Youngs/Fas Mart under a GPM Investments lease expiring March 2029, leaving approximately 2.6 years of remaining term. The site scores 45 out of 100 on location grade, reflecting modest traffic, elevated local competition, and a demographically challenged trade area. This is a short-term income play with rollover risk rather than a core, long-duration net lease asset.
The immediate 1-mile population is thin at 3,522 with average household income of $56,713, and the 3-mile ring carries a 23.1% poverty rate that signals limited consumer spending power. The 5-mile average household income rises to $71,041, but that improvement is insufficient to offset the compressed income profile closer to the site. These fundamentals support convenience-tier retail but constrain long-term rent growth assumptions.
Sumter County is a sub-250K metro that has experienced slight population contraction, declining from 105,493 in 2020 to 104,776 in 2024, with unemployment at 5.2% above most national benchmarks. The retail base of 374 establishments and 30,656 total county employees reflects a modest regional economy with limited demand drivers. This is not a growth market, and macro tailwinds that would support rent escalation or redevelopment optionality are largely absent.
The site is car-dependent with a Walk Score of 46 and records only 750 vehicles per day in AADT, which is low for a fuel and convenience operation. Daytime employment density within 3 miles reaches 22,100 jobs, providing some demand support, but 12 competing gas stations within 1 mile creates meaningful market saturation. The location functions as a neighborhood convenience node rather than a high-capture destination site.
FEMA designates the site as Zone X, indicating minimal flood exposure. State-level crime data was not available for this brief. Physical obsolescence is a consideration given the building was constructed in 1988 and is now 36 years old.
With 2.6 years remaining and a September 2028 notice deadline for the single remaining renewal option, a buyer faces near-term rollover risk in a secondary market with limited alternative tenant demand. Current rent of $53,686 annually ($21.06/SF) provides no disclosed step-up at expiration, creating uncertainty around re-leasing economics. The guarantor, GPM Investments backed by Nasdaq-listed ARKO Corp., is a legitimate institutional credit as the sixth-largest U.S. convenience operator, which mitigates counterparty risk during the remaining term but does not eliminate location-level re-tenanting exposure upon rollover.
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