GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
6886 Gate City Hwy, Bristol, VA
| Tenant / d/b/a | FasMart |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Nov 29, 2007 |
| Lease expiration | Nov 30, 2027 |
| Remaining term | 1.4 yrs |
| Lease term (months) | — |
| Annual base rent | $73,590 |
| Base rent $/SF | $26.62 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Mar 01, 2027 |
| Year built | 1999 |
| Building SF | 2,764 |
| Land area (acres) | 0.42 |
| Pre G&A CFC | 1.93x (2024) |
| Lease status | Active |
Bristol is home to Bristol Motor Speedway (the "World's Fastest Half-Mile," 160,000+ race-day capacity), the Hard Rock Bristol casino, and the Birthplace of Country Music — large event-driven demand spikes not captured by resident metrics.
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 | 0 | 13,034 | 38,015 |
| Households | 0 | 5,998 | 16,435 |
| Pop. density (/sq mi) | 0 | 461 | 484 |
| Avg HH income | — | $56,949 | $67,134 |
| Poverty rate | — | 17.0% | 16.3% |
| Bachelor's+ | — | 18.3% | 23.3% |
| Median home value | — | $143,824 | $167,000 |
| Median rent | — | $779 | $783 |
| Median age | — | 43 | 44 |
| Owner-occupied | — | 63.3% | 65.5% |
FasMart Store 2540 at 6886 Gate City Hwy, Bristol, VA is a 2,764 SF convenience store on 0.42 acres with 1.4 years of remaining lease term, backed by GPM Investments (ARKO Corp., Nasdaq: ARKO). The site earns a Location Grade of 56/100 (STRONG), supported by direct major-road frontage but constrained by thin immediate-area population density and modest traffic counts. This is a short-term income play requiring buyers to underwrite near-term rollover risk against a publicly traded guarantor.
The 1-mile trade area reports effectively zero resident population, indicating the site serves a drive-through and commuter capture function rather than a dense residential base. The 3-mile ring holds 13,034 residents at low density (461/sq mi) with average household income of $56,949 and a 17.0% poverty rate, reflecting a modestly constrained consumer base. The 5-mile population of 38,015 and average household income of $67,134 provide a broader but still moderate demand foundation.
Washington County is a small Metro market (250K–1M range) with a stable but essentially flat population base, growing only 0.4% from 2020 to 2024. The local unemployment rate of 3.0% is healthy, and 1,170 total establishments with 17,602 employees indicate a functioning but limited economic engine. Bristol's position as a Tennessee–Virginia border market adds some regional draw but does not materially elevate trade-area fundamentals.
The site sits at 0.00 miles from a major road, providing direct arterial visibility, but daily traffic of only 4,400 vehicles is low for a gas station convenience store format. A Walk Score of 6 confirms near-total auto dependency, and with only 1 restaurant and 4 retail destinations within one mile, the surrounding commercial ecosystem is sparse. Daytime employment density within 1 mile is just 104 jobs, limiting captive weekday traffic opportunity.
Flood exposure is minimal under FEMA Zone X. No material crime data was available for independent state-level scoring. EV charging penetration within 5 miles is limited at 4 stations, posing a modest but real long-term disruption consideration for fuel-dependent formats.
With only 1.4 years of term remaining and a March 2027 renewal notice deadline, the buyer faces near-immediate rollover execution risk. Current rent of $73,590 ($26.62/SF) provides no visibility into a renewal rate, as rent at expiration is unstated. The single remaining renewal option offers some continuity, but repricing risk is real. GPM Investments as guarantor, backed by publicly traded ARKO Corp., the sixth-largest U.S. c-store operator, provides institutional-grade credit and meaningful covenant support, which partially offsets the short duration.
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