GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
125 N Annie Glidden Rd, Dekalb, IL
| Tenant / d/b/a | Road Ranger |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Dec 28, 2009 |
| Lease expiration | Dec 31, 2027 |
| Remaining term | 1.4 yrs |
| Lease term (months) | — |
| Annual base rent | $238,981 |
| Base rent $/SF | $39.36 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/4 |
| Notice date | Jun 05, 2027 |
| Year built | 1963 |
| Building SF | 6,071 |
| Land area (acres) | 1.30 |
| Pre G&A CFC | 0.40x (2020) |
| Lease status | SUBLEASED |
| Operating tenant | 125 N Annie Glidden Rd |
DeKalb is home to Northern Illinois University, a large student/daytime 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 | 14,788 | 32,614 | 50,392 |
| Households | 5,939 | 12,798 | 20,176 |
| Pop. density (/sq mi) | 4,707 | 1,153 | 642 |
| Avg HH income | $44,114 | $62,598 | $70,603 |
| Poverty rate | 39.9% | 29.9% | 23.3% |
| Bachelor's+ | 36.6% | 38.1% | 35.6% |
| Median home value | $198,390 | $224,389 | $207,463 |
| Median rent | $1,035 | $1,057 | $1,040 |
| Median age | 24 | 28 | 31 |
| Owner-occupied | 18.4% | 35.1% | 46.9% |
This Road Ranger / Fas Mart convenience store at 125 N Annie Glidden Rd in DeKalb, Illinois carries a Location Grade of STRONG (60/100), driven by dense immediate population and proximity to a major roadway. The lease expires December 31, 2027, leaving approximately 1.4 years of term, which squarely frames this as a rollover or renewal-driven investment rather than a long-duration income play. The guarantor is GPM Investments, LLC, a subsidiary of publicly traded ARKO Corp., providing institutional-grade credit backing.
The one-mile trade area holds 14,788 residents at a density of 4,707 per square mile, a strong captive consumer base for convenience retail, though the 39.9% poverty rate within that ring is a meaningful constraint on per-visit spend. The three-mile average household income of $62,598 and median home value of $224,389 reflect a modest but functional retail market. Poverty remains elevated across all rings, with the five-mile rate still at 23.3%.
DeKalb County is classified as a 1M-plus metro with stable but modest population growth of 1.0% from 2020 to 2024 and a healthy unemployment rate of 4.0%. The county's 1,975 establishments and 28,500 employees suggest a functional local economy anchored by Northern Illinois University. The presence of 7 competing gas stations within one mile is notable and reflects a saturated fuel market at this node.
The site sits 0.07 miles from a major road and captures 12,900 AADT, providing adequate but not exceptional traffic exposure for a convenience fuel format. A Walk Score of 69 and 20 nearby restaurants within one mile support incidental foot traffic. The Bike Score of 88 reflects the university-adjacent character of this corridor.
FEMA designates this site Zone X, indicating minimal flood risk. State-level crime data was not available for this analysis, which limits a full safety assessment. The site's age of 1963 introduces potential deferred maintenance and environmental liability considerations that require due diligence.
With 1.4 years of remaining term and a single four-year renewal option, a buyer is acquiring near-term rollover risk rather than durable income. The current rent of $238,981 annually provides no visibility into rent at expiration or renewal economics, making future cash flow assumptions speculative. GPM Investments and parent ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 locations, provide meaningful guarantor credit, which partially offsets the short-term lease concern but does not eliminate re-tenanting or renegotiation exposure.
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