GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
940 E Liberty St, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Mar 31, 2030 |
| Remaining term | 3.6 yrs |
| Lease term (months) | — |
| Annual base rent | $62,837 |
| Base rent $/SF | $25.05 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Sep 03, 2029 |
| Year built | 1972 |
| Building SF | 2,508 |
| Land area (acres) | 0.70 |
| Pre G&A CFC | 0.43x (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 | 3,245 | 14,739 | 34,222 |
| Households | 1,366 | 5,960 | 13,772 |
| Pop. density (/sq mi) | 1,033 | 521 | 436 |
| Avg HH income | $44,814 | $52,257 | $59,601 |
| Poverty rate | 34.3% | 25.2% | 22.2% |
| Bachelor's+ | 4.8% | 13.9% | 21.2% |
| Median home value | $78,800 | $96,005 | $119,700 |
| Median rent | $812 | $829 | $969 |
| Median age | 31 | 38 | 39 |
| Owner-occupied | 68.6% | 56.3% | 56.5% |
940 E Liberty St is a 2,508 SF convenience store operated by Youngs/Fas Mart under a GPM Investments lease expiring March 2030, offering 3.6 years of remaining term in a secondary South Carolina market. The site scores 49/100 on location grade, reflecting modest traffic, elevated poverty, and limited population density. The investment appeal rests almost entirely on guarantor credit quality rather than location fundamentals.
The immediate trade area is economically constrained, with 1-mile average household income of $44,814 and a poverty rate of 34.3%, well above national norms. The 3-mile median home value of $96,005 and bachelor's degree attainment of 13.9% reinforce a low-income, low-growth consumer base. Population density thins quickly beyond the immediate radius, limiting organic demand upside.
Sumter County is a sub-250K metro that shed roughly 717 residents between 2020 and 2024, a modest but directionally negative trend. Unemployment sits at 5.2%, above the national average, and the county's retail and food-service establishment counts reflect a shallow local economy. These dynamics reduce the probability of meaningful rent growth or strong re-leasing demand at rollover.
AADT of 4,100 vehicles per day is low for a gas station and convenience store format, which typically relies on high-volume drive-by capture. A Walk Score of 8 confirms near-total auto dependency, while only three restaurants and five retail tenants within one mile signal a thin commercial corridor. The presence of four competing gas stations within one mile adds meaningful demand fragmentation.
FEMA Flood Zone X designation indicates minimal environmental exposure, which is a positive baseline. State-level crime data was unavailable for precise benchmarking, though Sumter's socioeconomic profile warrants monitoring. No material environmental or natural hazard flags beyond the legacy 1972 building vintage, which may carry deferred capital risk.
With 3.6 years remaining and one renewal option at a September 2029 notice date, a buyer faces near-term rollover risk in a weak location. Annual base rent of $62,837 provides a modest income stream, but no rent at expiration data limits visibility into lease economics at renewal. The guarantor, GPM Investments under ARKO Corp. (Nasdaq: ARKO), is the sixth-largest U.S. convenience operator with approximately 3,500 sites, providing institutional-grade credit that meaningfully offsets location weakness for the hold period.
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