GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
12556 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 | $95,470 |
| Base rent $/SF | $37.87 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 2001 |
| Building SF | 2,521 |
| Land area (acres) | 0.80 |
| Pre G&A CFC | -0.25x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 12556 Orby Cantrell Hwy |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 3,080 |
| Households | 0 | 0 | 1,030 |
| Pop. density (/sq mi) | 0 | 0 | 39 |
| Avg HH income | — | — | $54,742 |
| Poverty rate | — | — | 19.0% |
| Bachelor's+ | — | — | 8.4% |
| Median home value | — | — | $94,900 |
| Median rent | — | — | $620 |
| Median age | — | — | 40 |
| Owner-occupied | — | — | 80.9% |
This FasMart convenience store and gas station at 12556 Orby Cantrell Hwy in Pound, Virginia is a rural single-tenant net lease asset with a Location Grade of 26 out of 100, reflecting severely limited trade area fundamentals. With only 1.3 years of remaining lease term and a 5-mile population of 3,080 at a density of 39 persons per square mile, this offering carries meaningful rollover and re-tenanting risk that must be underwritten carefully.
The immediate 1-mile and 3-mile rings report zero population, indicating a sparse, unincorporated setting with no measurable residential base within the core trade area. The 5-mile population of 3,080 is thin by any net lease standard, with average household income of $54,742 and a poverty rate of 19.0 percent, signaling limited consumer spending capacity. These metrics are materially below thresholds typically required to support institutional convenience store underwriting.
Wise County is a nonmetro, non-adjacent market that lost roughly 3 percent of its population between 2020 and 2024, shrinking from 36,066 to 34,973 residents. The county's 598 total establishments and 7,678 employees reflect a modest and contracting economic base with limited demand drivers. Secular population decline in this Appalachian submarket presents a structural headwind to any assumption of lease renewal or site re-tenanting at current rents.
Daily traffic of 6,100 vehicles on the adjacent highway provides baseline exposure, but daytime employment within 3 miles totals only 657 jobs, severely constraining impulse and commuter-driven sales volume. With a Walk Score of zero, one nearby restaurant, and three competing gas stations within half a mile, the site faces local competition disproportionate to the demand pool it serves. This combination of low traffic, minimal employment density, and concentrated competition produces a structurally weak location profile.
The property sits in FEMA Flood Zone X, indicating minimal environmental hazard. No additional material physical site risks are flagged in the available data.
The lease expires November 30, 2027, leaving 1.3 years of contracted cash flow, with one renewal option requiring notice by March 1, 2027. Rent at expiration is not disclosed, removing visibility into renewal economics. The guarantor, GPM Investments under ARKO Corp., is the sixth-largest U.S. convenience store operator with approximately 3,500 sites, providing investment-grade-quality credit backing the near-term income stream. However, the terminal lease risk is real: if GPM elects not to renew, re-leasing or selling a rural, low-traffic gas station in a declining-population county will be exceptionally difficult.
Full institutional offering memorandum with all 143 property briefs, maps, and tax analysis.
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