GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1070 Highway 1 S, Lugoff, 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 | $69,548 |
| Base rent $/SF | $19.50 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2030 |
| Year built | 1992 |
| Building SF | 3,567 |
| Land area (acres) | 0.83 |
| Pre G&A CFC | 1.53x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 2,997 | 8,054 | 11,611 |
| Households | 1,210 | 3,086 | 4,673 |
| Pop. density (/sq mi) | 954 | 285 | 148 |
| Avg HH income | $54,703 | $71,810 | $74,253 |
| Poverty rate | 27.1% | 14.6% | 12.7% |
| Bachelor's+ | 19.9% | 23.2% | 25.4% |
| Median home value | $189,500 | $200,496 | $196,974 |
| Median rent | $792 | $841 | $943 |
| Median age | 31 | 39 | 38 |
| Owner-occupied | 68.0% | 85.2% | 85.9% |
This net lease gas station and convenience store, operated by Youngs under the Fas Mart brand and guaranteed by GPM Investments (ARKO Corp.), sits on Highway 1 South in Lugoff, South Carolina, a growing exurban market within Kershaw County. The site carries a location grade of 56 out of 100, reflecting adequate but not exceptional fundamentals, with modest traffic counts and meaningful near-term competition. The investment case rests primarily on the institutional-grade guarantor and a defined income runway through March 2031.
The immediate one-mile trade area is thin, with just under 3,000 residents at a density of 954 per square mile and an average household income of roughly $54,700, alongside a 27.1 percent poverty rate that signals limited discretionary spending. The three-mile ring is more balanced, with average household income rising to $71,810 and poverty falling to 14.6 percent, supported by strong owner-occupancy of 85.2 percent. Population density remains low at the five-mile level, characteristic of a rural-adjacent corridor rather than a dense suburban node.
Kershaw County has shown genuine growth momentum, expanding from 65,596 to 71,698 residents between 2020 and 2024, a 9.3 percent gain, with unemployment at a healthy 3.8 percent. Daytime employment within one mile is limited at 842 jobs, and the day-to-night ratio of 0.28 indicates the site captures primarily pass-through and residential-driven traffic rather than a captive workforce customer base.
The site benefits from direct highway adjacency at 0.03 miles to the nearest major road and a recorded AADT of 13,700 vehicles per day, providing consistent visibility and access. However, a Walk Score of 24 and the presence of five competing gas stations within one mile constrain differentiated demand capture.
Environmental and physical risk is low, with the site situated in FEMA Flood Zone X, indicating minimal flood hazard. No crime data was available for quantitative benchmarking, which limits full risk underwriting at the state level.
With 4.8 years of remaining term at $69,548 annually and a single renewal option requiring notice by September 2030, a buyer faces a defined rollover event in the near term. Rent at expiration is not disclosed, limiting visibility into renewal economics. The guarantor, GPM Investments as a subsidiary of publicly traded ARKO Corp., the sixth-largest U.S. convenience store operator with roughly 3,500 locations, provides meaningful credit support relative to the asset size. For a buyer, this is an income-stable, credit-backed hold with modest upside and real re-tenanting exposure if ARKO elects not to renew.
Full institutional offering memorandum with all 48 briefs, maps, and tax analysis.
Download full OM (PDF)