GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1125 E Main St, Kingstree, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Feb 28, 2026 |
| Remaining term | -0.3 yrs |
| Lease term (months) | — |
| Annual base rent | $72,598 |
| Base rent $/SF | $38.64 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Aug 02, 2025 |
| Year built | 1975 |
| Building SF | 1,879 |
| Land area (acres) | 0.70 |
| Pre G&A CFC | -0.11x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 1125 E Main St |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 4,064 |
| Households | 0 | 0 | 1,609 |
| Pop. density (/sq mi) | 0 | 0 | 52 |
| Avg HH income | — | — | $46,473 |
| Poverty rate | — | — | 26.1% |
| Bachelor's+ | — | — | 14.9% |
| Median home value | — | — | $80,300 |
| Median rent | — | — | $652 |
| Median age | — | — | 42 |
| Owner-occupied | — | — | 69.4% |
This net lease convenience store and gas station in Kingstree, South Carolina is a weak-performing asset by most measurable criteria. The lease has already expired and the property is operating in holdover, creating immediate rollover risk for any buyer. Thin demographics, heavy local competition, and a declining county population compound the execution challenge.
The 5-mile trade area supports only 4,064 residents at a density of 52 persons per square mile, with average household income of $46,473 and a poverty rate of 26.1 percent. No meaningful population data exists within 1 or 3 miles, indicating extremely sparse immediate surroundings. These are among the weakest demographic inputs observable in a net lease gas station underwriting.
Williamsburg County is a nonmetro, metro-adjacent market with 29,865 residents in 2024, down 3.4 percent from 2020, and an unemployment rate of 6.1 percent. The local employment base of 6,547 workers across 473 establishments reflects a thin and stagnant economy. Retail demand drivers are limited, with no discount or dollar store anchors within half a mile and only 26 food service establishments countywide.
Traffic exposure is modest at 5,000 vehicles per day despite proximity of 0.01 miles to the nearest major road. The Walk Score of 32 confirms a car-dependent environment with no meaningful pedestrian demand. With 7 competing gas stations within one mile, this site operates in a saturated local fuel market relative to its trade area population.
Environmental exposure is contained, as the site sits in FEMA Flood Zone X, indicating minimal flood hazard. The 1,879-square-foot building dates to 1975 and likely carries deferred capital requirements. No EV charging infrastructure exists within 5 miles, leaving the site exposed to longer-term fuel demand transition risk with no current mitigation.
The lease expired February 28, 2026, meaning the property is in holdover, and the renewal notice deadline passed August 2, 2025. A buyer acquires near-zero lease duration with no certainty of continuation. Current rent of $72,598 annually provides no contractual income stability, and rent at expiration is undisclosed, making mark-to-market analysis speculative. GPM Investments, LLC, as a subsidiary of publicly traded ARKO Corp., the sixth-largest U.S. convenience operator, provides credible institutional credit quality. However, that credit is of limited comfort when the lease term has lapsed and renewal is unconfirmed.
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