GPM Disposition PortfolioLocation Intelligence & Lease Summary
GPM Disposition PortfolioLocation Intelligence & Lease Summary
319 Cretcher Ave, De Graff, OH
| Tenant / d/b/a | Village Variety |
| Guarantor | Fas Mart (GPM Investments) |
| Lease commencement | Feb 29, 2008 |
| Lease expiration | Oct 31, 2026 |
| Remaining term | 0.2 yrs |
| Lease term (months) | — |
| Annual base rent | $119,934 |
| Base rent $/SF | $88.64 |
| Rent at expiration | — |
| Expiration rent $/SF | — |
| Renewal options | 1/2 |
| Notice date | Apr 04, 2026 |
| Year built | 2004 |
| Building SF | 1,353 |
| Land area (acres) | 0.62 |
| Pre G&A CFC | 2.87x (2024) |
| Lease status | Active |
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 0 |
| Households | 0 | 0 | 0 |
| Pop. density (/sq mi) | 0 | 0 | 0 |
| Avg HH income | — | — | — |
| Poverty rate | — | — | — |
| Bachelor's+ | — | — | — |
| Median home value | — | — | — |
| Median rent | — | — | — |
| Median age | — | — | — |
| Owner-occupied | — | — | — |
319 Cretcher Ave is a 1,353 SF convenience store and gas station in De Graff, Ohio, a small rural community in Logan County. The asset is occupied by Village Variety operating under the Fas Mart brand, with GPM Investments (ARKO Corp.) as guarantor. With only 0.2 years of remaining lease term and a near-term renewal decision, this is a rollover-driven investment requiring careful underwriting of both real estate fundamentals and tenant intent.
Demographic data at the 1-, 3-, and 5-mile rings returned zero population figures, indicating the property sits in an extremely low-density rural setting with no meaningful residential trade area by conventional standards. Logan County itself holds approximately 46,085 residents as of 2024, with a marginal population decline of 0.1% since 2020. Income, poverty, and home value metrics were not available, further limiting demographic underwriting confidence.
Logan County is classified as a nonmetro, metro-adjacent market with modest employment of 17,033 workers across 867 establishments. Retail and food service infrastructure is limited, with 150 retail and 91 food service establishments countywide. Unemployment sits at 4.2%, broadly in line with national averages, though the rural, low-density character of De Graff constrains long-term demand drivers for this asset.
The site carries a Walk Score of 32, confirming heavy car dependency with virtually no pedestrian-generated traffic. Nearby retail and restaurant density within one mile is minimal at two retail and three restaurant locations. Daytime employment within one mile totals only 245 workers, underscoring a thin captive customer base that is typical of rural convenience formats.
No FEMA flood risk is identified, as the site sits in Zone X. No EV charging infrastructure exists within five miles, limiting long-term fuel demand risk from EV adoption in the near term but reflecting broader rural infrastructure underdevelopment. Crime data was unavailable, which is a minor underwriting gap but not unusual for small rural municipalities.
With only 0.2 years remaining on the lease and a renewal notice deadline of April 4, 2026, a buyer is acquiring a near-immediate rollover event, not stabilized cash flow. Annual base rent is $119,934 at $88.64 per square foot, a figure that appears elevated relative to the rural market and thin trade area, raising re-leasing risk if GPM does not exercise its one remaining renewal option. GPM Investments, backed by publicly traded ARKO Corp., the sixth-largest U.S. convenience operator with approximately 3,500 locations, provides meaningful credit quality, but that credit does not eliminate the binary outcome risk at lease expiration.
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