GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
1003 Manning Ave, Sumter, SC
| Tenant / d/b/a | Youngs |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Mar 27, 2008 |
| Lease expiration | Dec 31, 2026 |
| Remaining term | 0.5 yrs |
| Lease term (months) | — |
| Annual base rent | $91,510 |
| Base rent $/SF | $50.39 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Jun 04, 2026 |
| Year built | 1968 |
| Building SF | 1,816 |
| Land area (acres) | 0.43 |
| Pre G&A CFC | -0.95x (2023) |
| 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 | 4,556 | 14,766 | 47,051 |
| Households | 1,715 | 6,268 | 18,420 |
| Pop. density (/sq mi) | 1,450 | 522 | 599 |
| Avg HH income | $39,782 | $55,566 | $71,041 |
| Poverty rate | 28.5% | 19.1% | 17.5% |
| Bachelor's+ | 11.1% | 18.1% | 25.3% |
| Median home value | $65,684 | $115,723 | $148,254 |
| Median rent | $822 | $880 | $1,087 |
| Median age | 35 | 41 | 39 |
| Owner-occupied | 48.6% | 57.3% | 64.7% |
This net lease convenience store and gas station at 1003 Manning Ave, Sumter, SC is a near-term rollover asset operated by GPM Investments under the Fas Mart brand, with only 0.5 years of remaining lease term expiring December 31, 2026. The site earns an Average location grade of 45/100, reflecting meaningful competitive, demographic, and traffic headwinds. Buyers are underwriting a credit story and renewal decision, not a long-duration income stream.
The immediate trade area is economically constrained, with a 1-mile average household income of $39,782 and a poverty rate of 28.5%. The 3-mile population of 14,766 at a density of only 522 persons per square mile limits organic customer throughput. Income improves modestly at 5 miles ($71,041 average HH income), but that ring is too distant to meaningfully support a convenience-store format.
Sumter County is a small metro market with slight population decline, dropping from 105,493 to 104,776 between 2020 and 2024, alongside an unemployment rate of 5.2% that exceeds national norms. The local retail and food-service base is modest at 374 and 151 establishments respectively, signaling limited economic velocity. This is a stable but low-growth operating environment with no near-term demand catalyst.
Site-level traffic is materially weak at 850 AADT, and the car-dependent Walk Score of 42 confirms limited pedestrian or ambient customer capture. The competitive landscape is severe, with 10 gas stations within 1 mile compressing the tenant's pricing power and market share. Nine nearby restaurants and 19 retail outlets within 1 mile provide some co-tenancy, but do not offset the fundamental traffic deficiency.
Environmental exposure is minimal given a FEMA Zone X designation. No crime data was available at the state level to quantify security risk directly. The site's 1968 construction vintage introduces deferred capital risk that a buyer must factor into renewal negotiations.
With only 0.5 years of term remaining and a June 4, 2026 renewal notice deadline, a buyer is acquiring an imminent lease decision, not stabilized cash flow. Current rent is $91,510 annually ($50.39/SF), and no rent-at-expiration escalation is disclosed, creating uncertainty around forward economics. GPM Investments is a subsidiary of ARKO Corp., the sixth-largest U.S. c-store operator with roughly 3,500 locations across 34 states and public SEC-reporting transparency, which is the primary credit anchor. However, given the weak site metrics, the tenant holds negotiating leverage and may seek rent relief or exit at renewal.
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