GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
11503 Orby Cantrell Hwy, Pound, VA
| Tenant / d/b/a | FasMart |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Nov 29, 2007 |
| Lease expiration | Nov 30, 2027 |
| Remaining term | 1.3 yrs |
| Lease term (months) | — |
| Annual base rent | $88,461 |
| Base rent $/SF | $21.92 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 1990 |
| Building SF | 4,036 |
| Land area (acres) | 1.28 |
| Pre G&A CFC | -0.62x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 11503 Orby Cantrell Hwy |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 4,820 |
| Households | 0 | 0 | 1,758 |
| Pop. density (/sq mi) | 0 | 0 | 61 |
| Avg HH income | — | — | $57,558 |
| Poverty rate | — | — | 16.0% |
| Bachelor's+ | — | — | 9.1% |
| Median home value | — | — | $98,474 |
| Median rent | — | — | $725 |
| Median age | — | — | 41 |
| Owner-occupied | — | — | 84.1% |
FasMart Store 2527 at 11503 Orby Cantrell Hwy in Pound, Virginia is a 4,036 SF convenience store and gas station on 1.28 acres with only 1.3 years of lease term remaining. The site scores a weak 29 out of 100 on location grade, reflecting thin demographics, low traffic, and a rural Appalachian trade area with structural population decline. This is a short-term income play with meaningful rollover risk, appropriate only for buyers with a clear exit or repositioning thesis.
The immediate 1- and 3-mile rings show effectively zero measured population, with meaningful data only available at the 5-mile radius where 4,820 residents generate an average household income of $57,558 and a poverty rate of 16.0%. Population density of 61 persons per square mile at 5 miles confirms an extremely sparse rural trade area. These metrics are well below thresholds typically associated with durable convenience retail demand.
Wise County is a nonmetro, non-adjacent county that lost 3.0% of its population between 2020 and 2024, shrinking from 36,066 to 34,973. The local economy supports only 7,678 total employees across 598 establishments, with limited retail and food service infrastructure. Secular demographic erosion in central Appalachia presents a genuine long-term demand headwind for any convenience retail operator at this location.
AADT of 6,000 vehicles per day is low for a gas station investment, though the site sits 0.01 miles from the nearest major road and faces zero competing gas stations within a half mile. Walk Score of 13 and Bike Score of 2 confirm near-total auto dependency, with only 3 restaurants and 5 retail destinations within one mile. Daytime employment density is minimal at 39 jobs within one mile, limiting impulse traffic upside.
The site sits in FEMA Flood Zone X, indicating minimal flood exposure, which is a neutral positive. No EV charging infrastructure exists within five miles, reducing near-term disruption risk but also signaling an underserved, low-investment market. State-level crime data was unavailable for independent verification of security risk.
With only 1.3 years of remaining term and a renewal notice deadline of March 2027, a buyer acquires this asset at the edge of a binary decision point: FasMart either exercises one of two renewal options or vacates. Annual base rent of $88,461 provides current income, but rent at expiration is not disclosed, leaving renewal economics unconfirmed. The guarantor, GPM Investments as a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience store operator with roughly 3,500 locations, provides institutional-grade credit support that partially offsets the short duration. However, ARKO has been actively rationalizing its portfolio, and the weak location score raises genuine doubt about whether this site will be retained. Buyers must underwrite a realistic vacancy scenario.
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