GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
303 E 5th St, Marysville, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Dec 31, 2028 |
| Remaining term | 2.4 yrs |
| Lease term (months) | — |
| Annual base rent | $138,651 |
| Base rent $/SF | $54.93 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Jun 05, 2028 |
| Year built | 2001 |
| Building SF | 2,524 |
| Land area (acres) | 0.38 |
| Pre G&A CFC | 2.08x (2024) |
| Lease status | Active |
Marysville is the heart of Honda's U.S. manufacturing (Marysville Auto Plant; ~13,000+ Honda jobs across the Ohio operations) — a large daytime/employment demand base beyond resident rooftops.
The location score above reflects resident-market real-estate fundamentals and does not incorporate seasonal or destination demand; consider this note alongside the store-level coverage (CFC) when assessing the asset.
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 3,880 | 25,535 | 30,338 |
| Households | 1,869 | 9,326 | 10,875 |
| Pop. density (/sq mi) | 1,235 | 903 | 386 |
| Avg HH income | $96,111 | $107,886 | $115,759 |
| Poverty rate | 9.7% | 7.3% | 6.2% |
| Bachelor's+ | 31.4% | 32.1% | 36.1% |
| Median home value | $250,800 | $279,780 | $302,613 |
| Median rent | $1,116 | $1,203 | $1,227 |
| Median age | 36 | 37 | 37 |
| Owner-occupied | 79.3% | 71.5% | 75.1% |
This Fas Mart-branded convenience store and gas station at 303 E 5th St in Marysville, Ohio is operated by GPM Investments under the Village Variety banner and carries a location grade of 71 out of 100. The site benefits from strong daytime employment density, a growing county economy, and a publicly traded guarantor, but near-term lease rollover and heavy local competition temper the investment case.
The 3-mile trade area supports 25,535 residents with average household income of $107,886, a 71.5% owner-occupancy rate, and a low poverty rate of 7.3%, indicating a stable, middle-income consumer base. Density thins meaningfully at the 5-mile ring, reflecting Marysville's smaller-city character, though population growth at the county level is robust.
Union County posted 13.7% population growth from 2020 to 2024, reaching 71,721 residents, with unemployment at a tight 3.4% and 28,035 county-level employees across 1,211 establishments. Marysville functions as the county seat and a legitimate Columbus exurb benefiting from regional economic expansion. The daytime-to-nighttime job ratio of 1.83 within 1 mile confirms a commercially active corridor.
The site scores a Walk Score of 76, sits 0.14 miles from the nearest major road, and draws support from 7,119 daytime workers within 1 mile and 20 nearby restaurants and 20 retail destinations. These fundamentals support consistent convenience traffic. The absence of EV charging infrastructure within 5 miles is a transitional risk but not an immediate demand detractor.
The property sits in FEMA Flood Zone X, indicating minimal flood exposure and no material environmental liability on that front. Crime data was unavailable for independent scoring, which limits downside quantification. The most material risk is operational: six competing gas stations within half a mile creates a structurally saturated fuel corridor.
With only 2.4 years of remaining term through December 31, 2028, a buyer assumes near-term rollover risk almost immediately at acquisition. The lease carries one remaining renewal option with a notice deadline of June 5, 2028, giving limited runway to assess tenant intent before committing capital. Rent at expiration is undisclosed, introducing pricing uncertainty for underwriting renewal economics. Current rent of $138,651 annually, or $54.93 per square foot, is above typical convenience store norms and may face compression at renewal. The guarantor, GPM Investments as a subsidiary of Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 locations, provides institutional-grade credit support through the existing term but does not eliminate re-leasing or re-pricing risk at rollover.
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