GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
730 S State Ave, Indianapolis, IN
| Tenant / d/b/a | |
| Guarantor | |
| Lease commencement | |
| Lease expiration | |
| Remaining term | — |
| Lease term (months) | — |
| Annual base rent | — |
| Base rent $/SF | — |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | |
| Notice date | |
| Year built | |
| Building SF | — |
| Land area (acres) | — |
| Pre G&A CFC | -0.01x (2023) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 13,110 | 110,428 | 236,668 |
| Households | 5,403 | 48,498 | 102,949 |
| Pop. density (/sq mi) | 4,173 | 3,906 | 3,013 |
| Avg HH income | $97,689 | $81,332 | $74,269 |
| Poverty rate | 14.5% | 22.8% | 21.8% |
| Bachelor's+ | 37.7% | 34.6% | 28.8% |
| Median home value | $272,859 | $211,962 | $183,192 |
| Median rent | $1,275 | $1,124 | $1,071 |
| Median age | 34 | 33 | 34 |
| Owner-occupied | 47.6% | 43.7% | 47.8% |
730 S State Ave is a Village Pantry convenience store and gas station in Indianapolis, Indiana, operated under a lease guaranteed by GPM Investments, LLC, a subsidiary of publicly traded ARKO Corp., the sixth-largest U.S. c-store operator. The site scores 67 out of 100 on location grade, reflecting adequate but not exceptional trade area fundamentals. Investors should weigh a credible institutional guarantor against meaningful site-level competitive and traffic headwinds.
The immediate one-mile population of 13,110 carries an above-average household income of $97,689, a relative bright spot, though the three-mile poverty rate of 22.8% signals underlying economic stress in the broader trade area. The three-mile average household income drops to $81,332 and the five-mile figure falls further to $74,269, indicating a softening demand profile at distance. Owner occupancy of 43.7% within three miles suggests a modestly stable residential base.
Marion County anchors the Indianapolis metro, a top-tier market with over 981,000 residents and 535,000 employed across 23,994 establishments, providing a sound macroeconomic backdrop. County unemployment sits at a healthy 3.6%, and the metro classification as a 1M-plus population center supports long-term demand for convenience retail. Population growth remains slow at 0.5% from 2020 to 2024, limiting near-term upside from demographic tailwinds.
Site-level traffic is a concern, with AADT of only 4,751 vehicles per day, well below the threshold typically associated with high-performing fuel and convenience locations. The Walk Score of 55 and Transit Score of 38 indicate limited pedestrian and public transit accessibility, reducing impulse traffic capture. Daytime employment density within three miles reaches 167,613 workers, offering some demand support during peak commute hours.
No FEMA flood exposure is present, with the site classified Zone X, eliminating environmental insurance and financing complications. State-level crime data was not provided, limiting a complete risk assessment for this submarket. The proximity to a major road at 0.45 miles is acceptable, though not a primary arterial address.
Lease-specific terms including remaining term, rent per square foot, and renewal options are not disclosed, creating material underwriting uncertainty around rollover timing and income duration. The guarantor, GPM Investments backed by Nasdaq-listed ARKO Corp., provides institutional-grade credit support from a scaled operator with roughly 3,500 sites, which anchors downside risk. Buyers must independently confirm lease economics before pricing; the guarantor quality supports credit confidence but does not offset unknown term and rent escalation structure.
Full institutional offering memorandum with all 143 property briefs, maps, and tax analysis.
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