GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1506 Jefferson Davis Hwy, Camden, 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 | $93,340 |
| Base rent $/SF | $39.17 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2030 |
| Year built | 1967 |
| Building SF | 2,383 |
| Land area (acres) | 1.15 |
| Pre G&A CFC | 2.19x (2024) |
| Lease status | Active |
Camden is the "Steeplechase Capital of the World," host of the Carolina Cup and Colonial Cup races, drawing large equestrian-event crowds beyond the resident 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 | 11,453 | 16,688 |
| Households | 0 | 4,563 | 6,896 |
| Pop. density (/sq mi) | 0 | 405 | 212 |
| Avg HH income | — | $101,150 | $100,060 |
| Poverty rate | — | 17.5% | 16.3% |
| Bachelor's+ | — | 24.9% | 30.0% |
| Median home value | — | $193,025 | $214,380 |
| Median rent | — | $912 | $874 |
| Median age | — | 39 | 44 |
| Owner-occupied | — | 71.8% | 74.9% |
1506 Jefferson Davis Hwy is a 2,383 SF convenience store and gas station operated by Youngs/Fas Mart under a GPM Investments lease expiring March 2031, offering 4.6 years of remaining term at $93,340 annually. The site scores 55 out of 100 on location grade, reflecting a car-dependent, low-density corridor with modest traffic counts. This is a credit-tenant income play with near-term rollover exposure rather than a core location asset.
The immediate one-mile radius reports zero resident population, indicating the site sits in a commercial or transitional zone with no surrounding residential base. The three-mile trade area holds 11,453 residents at 405 per square mile, with average household income of $101,150 and a 17.5% poverty rate, a bifurcated demand profile. The five-mile population of 16,688 at $100,060 average household income provides a thin but functional regional customer base for fuel and convenience.
Kershaw County registered 9.3% population growth from 2020 to 2024, reaching 71,698 residents, and carries a healthy 3.8% unemployment rate. The county supports 1,182 total business establishments and 212 retail locations, reflecting a small but stable commercial economy. Camden functions as a secondary South Carolina market with limited institutional investment depth.
Daily traffic of 2,200 vehicles is below the threshold typically associated with high-performing gas station and convenience store sites, which commonly require 10,000 or more. The Walk Score of 21 confirms near-total automobile dependence, and four competing gas stations within one mile intensify capture-rate pressure. Proximity to the nearest major road at 0.01 miles is a structural positive, but overall site fundamentals are below institutional standard.
Flood exposure is minimal under FEMA Zone X designation. Daytime employment within one mile totals only 1,018 jobs, limiting the lunchtime and commuter demand that drives convenience store productivity. Three EV charging stations within five miles represent an early but real signal of long-term fuel demand displacement risk in this corridor.
With 4.6 years of term remaining and a single renewal option requiring notice by September 2030, a buyer faces rollover risk within a near-term horizon. The current rent of $93,340, or $39.17 per square foot, provides no stated escalation to expiration, limiting income growth and potentially compressing value at renewal negotiation. GPM Investments, as a subsidiary of ARKO Corp., the sixth-largest U.S. convenience operator with roughly 3,500 sites, provides meaningful credit quality, but the lease structure and below-average location grade transfer substantial re-tenanting risk to the buyer if GPM elects not to renew.
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