GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
16350 Allenby Drive, Marysville, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Oct 31, 2026 |
| Remaining term | 0.1 yrs |
| Lease term (months) | — |
| Annual base rent | $201,045 |
| Base rent $/SF | $81.00 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Apr 04, 2026 |
| Year built | 2001 |
| Building SF | 2,482 |
| Land area (acres) | 1.15 |
| Pre G&A CFC | 5.75x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 25,535 | 34,825 |
| Households | 0 | 9,326 | 12,617 |
| Pop. density (/sq mi) | 0 | 903 | 443 |
| Avg HH income | — | $107,886 | $114,862 |
| Poverty rate | — | 7.3% | 6.0% |
| Bachelor's+ | — | 32.1% | 36.0% |
| Median home value | — | $279,780 | $296,839 |
| Median rent | — | $1,203 | $1,246 |
| Median age | — | 37 | 37 |
| Owner-occupied | — | 71.5% | 74.9% |
This Village Variety / Fas Mart convenience store in Marysville, Ohio earns a location grade of 71 out of 100, reflecting solid suburban fundamentals anchored by a growing county population and respectable household incomes. The property's near-term lease expiration in October 2026 is the dominant underwriting issue and demands close attention from any prospective buyer. Deal quality hinges on renewal execution and the continued commitment of GPM Investments as guarantor.
The 3-mile trade area holds 25,535 residents at an average household income of $107,886, a figure that comfortably supports convenience retail spending. Owner-occupancy of 71.5 percent and a poverty rate of 7.3 percent signal a stable, middle-income suburban base. The 1-mile population reads zero in the data, suggesting the immediate ring is largely undeveloped or industrial, which warrants on-site verification.
Union County has grown 13.7 percent from 2020 to 2024, reaching 71,721 residents, and carries a low 3.4 percent unemployment rate, reflecting a healthy local economy. With 28,035 county employees across 1,211 establishments, daytime demand generators are meaningful, and the 13,658 daytime jobs within 3 miles support fuel and convenience traffic. The Columbus metro influence underpins long-term growth visibility for this submarket.
The site sits 0.04 miles from a major road and faces zero direct competitors within a half-mile, providing a defensible immediate position. However, seven competing gas stations exist within one mile, indicating a competitive 1-mile radius that could limit pricing power. Walk Score of 41 confirms car dependency, which is appropriate for a fuel-anchored format but underscores reliance on drive-by traffic volume.
FEMA Zone X designation confirms minimal flood exposure, removing a common environmental liability. No EV charging stations exist within 5 miles, which currently presents no displacement risk but could become relevant over a longer hold horizon. State-level crime data was unavailable, requiring buyers to conduct independent local crime analysis before closing.
With only 0.1 years of remaining term and a critical notice date of April 4, 2026, this asset is effectively a rollover play rather than a stabilized income investment. Current rent of $201,045 annually at $81.00 per square foot provides a reference point, but no rent-at-expiration data is available, creating uncertainty around re-leasing economics. GPM Investments, backed by publicly traded ARKO Corp., the sixth-largest U.S. convenience operator with approximately 3,500 locations, is a credible institutional guarantor, and the existence of one remaining renewal option provides a plausible path to stabilization, but execution risk is real and imminent.
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