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 | 4.6 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 Fas Mart convenience store and gas station in Sumter, SC, operated by GPM Investments under a lease running through March 2031 with 4.6 years of remaining term. The site scores 59 out of 100 on location grade, reflecting a serviceable but not dominant trade area position. At $122,013 in annual base rent, the asset offers near-term income visibility backed by a publicly traded guarantor, though competitive density and modest traffic temper upside.
The immediate one-mile population of 4,647 at a density of 1,479 per square mile is workable for a convenience format, and average household income of $74,523 within one mile is adequate. The three-mile ring expands to 31,376 residents with average household income of $79,044 and 73% owner occupancy, suggesting a relatively stable base. Poverty reaches 15% at the five-mile ring, which is a modest headwind to per-visit ticket size.
Sumter County is a small metro market with a shrinking population, declining from 105,493 in 2020 to 104,776 in 2024, and carries a 5.2% unemployment rate above the national average. The county's 1,821 total establishments and 30,656 employees reflect a limited commercial base. These macro conditions constrain organic demand growth and reduce re-tenanting optionality if the space becomes vacant.
Traffic at 13,800 vehicles per day is below the threshold typically preferred for top-tier gas station net lease assets, and three competing stations within a half mile create meaningful volume pressure. The walk score of 55 and proximity to 20 restaurants and 19 retail tenants within one mile indicate a functional but fragmented commercial corridor. Daytime employment density of 1,187 jobs within one mile is thin, limiting captive commuter fuel demand.
The site faces a FEMA Zone X designation, meaning minimal flood exposure, which is a genuine positive. However, six competing gas stations within one mile represent significant saturation for a modest-traffic location. No crime data was available for state-level benchmarking, leaving that risk dimension unquantified.
With 4.6 years remaining and one renewal option, the buyer faces a rollover event by March 2031 with a September 2030 notice deadline, requiring near-term re-leasing or extension dialogue. No rent escalation to expiration is disclosed, meaning the $50.50 per square foot rent is effectively flat for the hold period, limiting income growth. GPM Investments, guaranteed by Nasdaq-listed ARKO Corp., the sixth-largest U.S. convenience operator, provides institutional-grade credit quality that partially offsets the short remaining term and competitive site conditions.
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