GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1301 W 5th St, Marysville, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Feb 28, 2031 |
| Remaining term | 4.6 yrs |
| Lease term (months) | — |
| Annual base rent | $277,302 |
| Base rent $/SF | $67.05 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Aug 03, 2030 |
| Year built | 2001 |
| Building SF | 4,136 |
| Land area (acres) | 1.00 |
| Pre G&A CFC | 2.25x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 1301 W 5th St |
Marysville is the heart of Honda's U.S. manufacturing (the Marysville Auto Plant, Honda's longest-running U.S. 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 | 25,535 |
| Households | 1,869 | 9,326 | 9,326 |
| Pop. density (/sq mi) | 1,235 | 903 | 325 |
| Avg HH income | $96,111 | $107,886 | $107,886 |
| Poverty rate | 9.7% | 7.3% | 7.3% |
| Bachelor's+ | 31.4% | 32.1% | 32.1% |
| Median home value | $250,800 | $279,780 | $279,780 |
| Median rent | $1,116 | $1,203 | $1,203 |
| Median age | 36 | 37 | 37 |
| Owner-occupied | 79.3% | 71.5% | 71.5% |
This Fas Mart-branded convenience store and gas station at 1301 W 5th St in Marysville, Ohio is a net lease asset backed by GPM Investments, a subsidiary of publicly traded ARKO Corp., operating roughly 3,500 sites nationally. The property earns an Excellent location grade of 83 out of 100, supported by strong county-level population growth and above-average household incomes. With 4.6 years of remaining term and one renewal option remaining, the asset offers near-term income certainty with defined rollover risk.
The 3-mile trade area holds 25,535 residents with average household income of $107,886, a low poverty rate of 7.3 percent, and a 71.5 percent owner-occupancy rate, indicating a stable, economically healthy consumer base. Daytime employment density is moderate, with 12,288 workers within 3 miles, though the 0.38 day-to-night ratio suggests the site is primarily a residential-serving rather than commuter-driven location.
Union County has expanded meaningfully from 63,090 to 71,721 residents between 2020 and 2024, a 13.7 percent gain that ranks among the stronger growth trajectories in Ohio. A 3.4 percent unemployment rate and 28,035 total county employees reflect a functioning local economy capable of sustaining convenience retail demand.
The site is car-dependent with a Walk Score of 48 and sits 0.40 miles from the nearest major road, which is adequate but not a high-visibility arterial position. There is only one competing gas station within a mile, limiting direct fuel-price competition in the immediate vicinity.
FEMA designates the site as Zone X, indicating minimal flood hazard. No EV charging infrastructure exists within 5 miles, which currently reduces competitive pressure from alternative-fuel alternatives. State-level crime statistics were not available for direct comparative analysis, which investors should independently verify.
The lease runs through February 2031, providing 4.6 years of contracted income at $277,302 annually, or $67.05 per square foot. Rent at expiration is not disclosed, limiting visibility into mark-to-market risk at rollover. The single remaining renewal option, with notice required by August 2030, creates a near-term decision point that will define asset holding risk. GPM Investments as guarantor carries the institutional weight of ARKO Corp., a Nasdaq-listed, SEC-reporting operator ranked sixth nationally by site count, which meaningfully supports credit quality for buyers prioritizing covenant strength over yield.
Full institutional offering memorandum with all 143 property briefs, maps, and tax analysis.
Download full OM (PDF)