GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
506 Talcottville Rd, Vernon, CT
| 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 | -0.77x (2023) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 11,529 | 41,622 | 74,308 |
| Households | 5,414 | 18,008 | 31,069 |
| Pop. density (/sq mi) | 3,670 | 1,472 | 946 |
| Avg HH income | $98,338 | $118,984 | $121,363 |
| Poverty rate | 11.5% | 9.2% | 8.1% |
| Bachelor's+ | 34.8% | 40.5% | 43.7% |
| Median home value | $241,403 | $287,002 | $280,323 |
| Median rent | $1,536 | $1,415 | $1,496 |
| Median age | 42 | 40 | 41 |
| Owner-occupied | 57.0% | 58.6% | 67.0% |
506 Talcottville Rd is a FasMart-branded gas station and convenience store in Vernon, CT, operated under a lease guaranteed by GPM Investments, LLC, a subsidiary of ARKO Corp. (Nasdaq: ARKO), the sixth-largest U.S. convenience-store operator with roughly 3,500 sites. The site earns a location grade of 60 out of 100, reflecting a functional but competitively pressured suburban trade area with solid underlying demographics.
The immediate one-mile ring supports 11,529 residents at a density of 3,670 per square mile, with average household income of $98,338. The three-mile trade area expands to 41,622 people and average household income rises to $118,984, with a low poverty rate of 9.2% and a 40.5% bachelor's-degree attainment rate, indicating a stable, middle-to-upper-middle-class consumer base. Five-mile average household income of $121,363 reinforces a healthy spending environment for fuel and convenience categories.
The Capitol Planning Region anchors a metro area exceeding one million in population, with regional employment of 457,173 across 23,773 establishments and an unemployment rate of just 3.1%. County population grew 2.8% from 2020 to 2024, signaling modest but positive demographic momentum. The presence of 2,196 food-service establishments and 3,102 retail outlets reflects a mature, active consumer market.
The site sits within 0.01 miles of a major road, maximizing fuel-trip capture from pass-through traffic. A Walk Score of 61 confirms reasonable pedestrian accessibility for a suburban node, and 16 nearby restaurants and 13 retail tenants within one mile create meaningful co-tenancy-driven traffic. The daytime employment base of 11,000 workers within three miles supports a viable lunchtime and commuter convenience demand cycle.
1. Four competing gas stations within one mile, including two within a half mile, create direct price and volume pressure on fuel margins. 2. Daytime-to-nighttime population ratio of 0.10 indicates the immediate area is predominantly residential rather than employment-driven, limiting peak-hour captive demand. 3. Lease and deal terms are not disclosed, leaving remaining term, rent level, and renewal options unverifiable and making underwriting difficult without further diligence.
The guarantor credit is the primary investment anchor: GPM Investments is backed by publicly traded ARKO Corp., a scaled national operator with SEC reporting obligations, providing meaningful lease covenant quality. However, without confirmed lease term, rent, or renewal structure, a buyer cannot assess rollover timing, rent escalation, or re-tenanting risk with confidence. Investors should treat this as a credit-dependent net lease play and require full lease abstracts before pricing the deal.
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