GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1041 Cannon Bridge Rd, Cordova, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2030 |
| Remaining term | 3.6 yrs |
| Lease term (months) | — |
| Annual base rent | $47,585 |
| Base rent $/SF | $18.49 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2029 |
| Year built | 1990 |
| Building SF | 2,573 |
| Land area (acres) | 0.50 |
| Pre G&A CFC | -0.87x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 9,031 | 22,804 |
| Households | 0 | 3,665 | 8,467 |
| Pop. density (/sq mi) | 0 | 319 | 290 |
| Avg HH income | — | $58,926 | $58,778 |
| Poverty rate | — | 32.9% | 28.0% |
| Bachelor's+ | — | 19.8% | 21.8% |
| Median home value | — | $82,714 | $106,588 |
| Median rent | — | $767 | $823 |
| Median age | — | 40 | 38 |
| Owner-occupied | — | 47.7% | 53.1% |
This Fas Mart-branded convenience store and gas station at 1041 Cannon Bridge Rd, Cordova, SC offers a short-duration net lease backed by GPM Investments, a subsidiary of publicly traded ARKO Corp., in a low-density, rural Orangeburg County market. The location scores 44 out of 100 and carries meaningful demographic and traffic headwinds that will weigh on residual value at lease rollover. Buyers should underwrite this as a yield-driven, credit-tenant play with limited upside from real estate fundamentals.
The immediate 1-mile trade area reports zero population, and the 3-mile ring shows only 9,031 residents at a thin density of 319 per square mile. Household income averages $58,926 within 3 miles, but a 32.9 percent poverty rate and median home value of $82,714 signal a structurally constrained consumer base with limited discretionary spending.
Orangeburg County is a nonmetro, metro-adjacent market that lost population between 2020 and 2024, declining from 83,971 to 83,129. Unemployment sits at 5.8 percent, above most benchmark metros, and the county's modest 1,606 total establishments reflect limited economic depth. These conditions reduce the probability of alternative tenant demand if the lease is not renewed.
Site traffic of 4,500 vehicles per day is low for a fuel-dependent convenience format, and the nearest major road is 2.14 miles away, limiting captive traffic. The Walk Score of 3 confirms near-total auto dependency, and only one restaurant and five retail businesses operate within one mile, offering minimal co-tenancy support.
Flood exposure is minimal under FEMA Zone X. No competing gas stations exist within one mile, which is a modest positive, but the rural location and thin daytime employment base of 144 jobs within one mile limit organic volume growth. The absence of EV charging infrastructure within five miles presents a longer-term demand question as vehicle electrification advances.
With 3.6 years of remaining term expiring March 2030 and a single renewal option, a buyer faces near-term rollover risk in a market with limited alternative use demand. Current rent of $47,585 annually ($18.49 per square foot) provides a defined income stream, but no rent at expiration data was provided, creating uncertainty around renewal economics. GPM Investments, guaranteed by ARKO Corp. (Nasdaq: ARKO), the sixth-largest U.S. convenience operator with roughly 3,500 sites, provides meaningful credit quality relative to the asset tier. However, the short remaining term compresses the duration of that credit benefit, and buyers should price in a re-leasing or disposition scenario at or before 2030.
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