Company News

Arko Subsidiary to Open New-to-Industry Fast Market Convenience Store in Arizona

GPM Investments’ 5,600-square-foot location, set to open in Gilbert later this year, will focus on foodservice
Fast Market
Rendering courtesy of GPM Investments

Arko Corp. subsidiary GPM Investments  broke ground recently on a new-to-industry Fast Market location at 1655 East Queens Creek Road in Gilbert, Arizona.

The 5,600-square-foot store, which is set to open later this year, will feature a lineup of new menu items, including the company’s $4.99 take-and-bake frozen pizzas.

“We are very excited to open our 65th Fast Market store, featuring the items of which our company and family of community brands have become so proud,” said Arie Kotler, president and CEO of Arko. “This location will be offering many new menu items as we evolve our foodservice that we know our customers will love—a selection of high-quality, high-value delicious items for people on the go.”

On the companys earnings call earlier this month Kotler told investors that “we are already building the foundation to support our long-term journey to establish ourselves as a food destination and establishing foodservice credibility.”

The new location will also feature more than 35 parking spaces, four electric-vehicle (EV) charging ports and seven fuel dispensers, providing 14 gas fueling points and four diesel fueling points.

  • Arko Corp., parent company of GPM Investments, isNo. 6onCSPs 2023 Top 202rankingof the largest c-store chains in the country.

Richmond, Virginia-based Arko Corp. operates in four segments: retail, which includes convenience stores selling merchandise and fuel; wholesale, which supplies fuel to independent dealers and consignment agents; GPM Petroleum, which sells and supplies fuel to its retail and wholesale sites; and fleet fueling, which includes the operation of proprietary and third-party cardlock locations and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites.

GPM Investments “family of brands” includesFas Mart, Shore Stop, Scotchman, BreadBox, Young's, Li'l Cricket, Next Door Store, Village Pantry, Apple Market, Jiffi Stop, Admiral, Roadrunner Markets, Jiffy Food Marts, E-Z Mart, 1 Stop, TownStar, ExpressStop and Handy Mart.

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