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 | 4.6 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 Fas Mart-branded convenience store and gas station in Lugoff, South Carolina is a single-tenant net lease asset with 4.6 years of remaining term, guaranteed by GPM Investments, a subsidiary of publicly traded ARKO Corp., the sixth-largest U.S. convenience-store operator. The site earns a Strong location grade of 56 out of 100, supported by highway-adjacent positioning on Highway 1 S with 13,700 vehicles per day. The investment suits a buyer seeking near-term stable cash flow with modest rollover exposure at lease expiration in March 2031.
The immediate one-mile trade area carries a population of 2,997 with average household income of $54,703 and a poverty rate of 27.1 percent, indicating a value-oriented, fuel-dependent customer base. The three-mile ring shows improvement, with average household income rising to $71,810 and an 85.2 percent owner-occupancy rate, suggesting an entrenched residential base. Population density remains low at 285 per square mile at three miles, consistent with a rural corridor trade area.
Kershaw County is a growing Metro market, with county population expanding 9.3 percent from 2020 to 2024, reaching 71,698 residents. The 3.8 percent unemployment rate and 1,182 active business establishments reflect a stable, if modest, local economy. Daytime employment density within one mile is limited at 842 jobs, placing the site's traffic dependence primarily on pass-through highway volume rather than a captive workforce.
The site sits 0.03 miles from its primary road with a walk score of 24, making it entirely auto-dependent, which is appropriate for this asset class. Eight nearby restaurants and eight retail establishments within one mile provide modest co-tenancy context. Two EV charging stations within five miles represent negligible near-term displacement risk.
Competitive density is elevated, with five gas stations within one mile creating meaningful share-of-wallet pressure on fuel volumes. The one-mile poverty rate of 27.1 percent and low daytime employment ratio of 0.28 suggest constrained discretionary spending within the core trade area. The 1992 vintage building adds potential deferred capital expenditure risk as the asset approaches post-lease repositioning.
With 4.6 years of term remaining and one of two renewal options available, a buyer acquires a short-to-medium duration income stream backed by GPM Investments and its publicly traded parent ARKO Corp., providing SEC-reporting transparency and institutional-grade credit depth. The current rent of $69,548 annually, or $19.50 per square foot, offers a clear in-place yield reference, though the absence of disclosed rent at expiration creates pricing uncertainty around renewal economics. Rollover risk in 2031 is real but mitigated by the remaining renewal option and ARKO's demonstrated appetite for retaining operating locations across its 3,500-site portfolio.
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