GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
370 Pinewood Road, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2031 |
| Remaining term | 4.8 yrs |
| Lease term (months) | — |
| Annual base rent | $122,013 |
| Base rent $/SF | $50.50 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2030 |
| Year built | 1970 |
| Building SF | 2,416 |
| Land area (acres) | 0.59 |
| Pre G&A CFC | -0.78x (2024) |
| Lease status | SUBLEASED |
| Operating tenant | 370 Pinewood Rd |
Sumter is home to Shaw Air Force Base — the Air Force's largest combat F-16 wing, with ~8,200 active-duty members plus civilians and ~12,000 family members — a large military demand base beyond ordinary 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 | 4,647 | 31,376 | 48,344 |
| Households | 2,098 | 12,449 | 19,248 |
| Pop. density (/sq mi) | 1,479 | 1,110 | 616 |
| Avg HH income | $74,523 | $79,044 | $73,867 |
| Poverty rate | 5.3% | 13.0% | 15.0% |
| Bachelor's+ | 21.9% | 29.3% | 28.0% |
| Median home value | $171,000 | $171,818 | $166,854 |
| Median rent | $1,116 | $1,189 | $1,137 |
| Median age | 46 | 41 | 39 |
| Owner-occupied | 73.1% | 73.0% | 63.7% |
370 Pinewood Road is a 2,416 SF convenience store and gas station in Sumter, SC, operated by Youngs/Fas Mart under a GPM Investments corporate guarantee with 4.8 years of term remaining through March 2031. The site scores 59/100 on location grade, reflecting moderate trade-area fundamentals offset by meaningful competitive pressure. This is a mid-quality net lease offering appropriate for investors seeking near-term cash flow backed by a publicly traded guarantor with measured rollover risk on the horizon.
The immediate one-mile population is thin at 4,647, though average household income reaches $74,523, suggesting a functional but not exceptional consumer base. The three-mile ring shows broader depth with 31,376 residents, 73% homeownership, and average household income of $79,044, indicating relative stability. Poverty levels rise to 15% at five miles, pointing to income stratification across the broader Sumter market.
Sumter County is a sub-250K metro that has posted modest population decline, losing roughly 700 residents from 2020 to 2024, with unemployment at 5.2%, above national averages. The county base of 1,821 establishments and 30,656 employees reflects a modest but functional local economy. These metrics suggest limited organic growth tailwinds for the trade area.
The site sits directly on a major road with 13,800 vehicles per day and a Walk Score of 55, providing adequate but not exceptional drive-by exposure. Daytime employment density within one mile is low at 1,187 workers, though the three-mile daytime job count of 16,510 indicates broader regional draw potential. Twenty nearby restaurants and 19 retail destinations within one mile confirm a functioning retail corridor.
The site carries no material environmental exposure given a FEMA Zone X flood designation. Competition is the primary physical concern, with six gas stations within one mile. No state-level crime data was available for independent review, which limits full risk underwriting.
With 4.8 years of term remaining, a buyer faces rollover risk entering 2031, and the single available renewal option with a September 2030 notice deadline creates near-term leasing event pressure. Current rent of $122,013 annually ($50.50/SF) is fixed with no disclosed rent at expiration, removing visibility into any escalation benefit. GPM Investments, a subsidiary of Nasdaq-listed ARKO Corp. and the sixth-largest U.S. convenience operator with roughly 3,500 locations, provides institutional-grade credit support that meaningfully reduces income risk during the remaining term, though ARKO's publicly reported operating pressures warrant monitoring.
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