GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
3120 Hwy 15 S, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2028 |
| Remaining term | 1.6 yrs |
| Lease term (months) | — |
| Annual base rent | $125,674 |
| Base rent $/SF | $36.26 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 04, 2027 |
| Year built | 1987 |
| Building SF | 3,466 |
| Land area (acres) | 1.66 |
| Pre G&A CFC | 2.60x (2024) |
| Lease status | Active |
Sumter is home to Shaw Air Force Base (Air Force's largest combat F-16 wing; ~8,200 active-duty plus families), a major military demand base.
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 | 4,808 | 19,591 |
| Households | 0 | 2,260 | 7,926 |
| Pop. density (/sq mi) | 0 | 170 | 249 |
| Avg HH income | — | $67,727 | $66,545 |
| Poverty rate | — | 11.1% | 14.4% |
| Bachelor's+ | — | 10.0% | 15.8% |
| Median home value | — | $112,200 | $131,033 |
| Median rent | — | $932 | $994 |
| Median age | — | 46 | 40 |
| Owner-occupied | — | 69.3% | 69.7% |
This Fas Mart-branded convenience store and gas station at 3120 Hwy 15 S in Sumter, SC is a short-term net lease investment backed by GPM Investments, a subsidiary of publicly traded ARKO Corp. The site carries a location grade of 56 out of 100, reflecting adequate but not exceptional fundamentals for the convenience-store format. At 1.6 years of remaining term, the acquisition is essentially a near-term rollover or renewal play.
The immediate one-mile trade area shows negligible residential population, placing the site's demand base in the three- and five-mile rings, where combined population reaches approximately 19,591 residents. Average household income of roughly $66,500 to $67,700 is modest, and poverty rates of 11 to 14 percent across the rings indicate a cost-sensitive consumer base. These demographics are serviceable for a fuel and convenience format but do not suggest above-average inside-store sales potential.
Sumter County is a sub-250,000 population metro that has experienced modest population decline, falling from 105,493 in 2020 to 104,776 in 2024. Unemployment sits at 5.2 percent, above the national average, and the retail base of 374 establishments reflects a limited commercial ecosystem. The market provides stable but low-growth operating conditions for the tenant.
The site sits essentially at a major road with an AADT of 12,100 vehicles per day, providing adequate fuel-drive traffic. However, a Walk Score of 5 confirms near-total auto dependency, and only one nearby restaurant and two retail anchors within a mile offer minimal co-tenancy support. Competition is contained, with just one competing gas station within a half mile.
The property is located in FEMA Flood Zone X, indicating minimal flood hazard. No EV charging infrastructure exists within five miles, reducing near-term electrification displacement risk. Crime data was unavailable for independent assessment at the state level.
With only 1.6 years of remaining term, a buyer acquires primarily rollover risk rather than stabilized cash flow. The lease carries one of two renewal options, with a notice deadline of September 4, 2027, meaning the tenant's intention will become known very shortly after closing. Rent at expiration and renewal rent are undisclosed, creating uncertainty around re-leasing economics. GPM Investments as guarantor, backed by ARKO Corp., a Nasdaq-listed operator of roughly 3,500 sites, provides meaningful credit quality for the short duration remaining. However, ARKO has faced profitability pressures publicly, and buyer underwriting should stress-test a non-renewal scenario.
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