7-Eleven NNN Convenience
202 N Parker St, Olathe, KS 66061
For Sale
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An absolute NNN corporate lease places property operating responsibilities with the tenant.
Property Size4,146 SF
Price / SF$1,044
Days on Market52
Property Features for 202 N Parker St
General Information
Standard status
Size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Traffic Count
Road Access
Building Details
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Sep 22
Changed: Nov 4
Last Checked: Nov 12 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
The 4,146-square-foot convenience store at 202 N Parker St is leased to 7-Eleven, Inc. under an absolute NNN corporate lease with no landlord responsibilities. The lease runs through June 2037 and includes three five-year renewal options, extending potential occupancy through 2052. Contractual rent increases include 5% in 2032 and 10% during each renewal option. The property has a 5.25% cap rate.
At the signalized intersection of N Parker St and W Santa Fe St, the site benefits from combined traffic counts exceeding 43,000 VPD. Within five miles, the trade area has 145,671 residents and average household incomes above $147,195.
At the signalized intersection of N Parker St and W Santa Fe St, the site benefits from combined traffic counts exceeding 43,000 VPD. Within five miles, the trade area has 145,671 residents and average household incomes above $147,195.
Key Highlights
- 4,146‑square‑foot 7‑Eleven property under an absolute NNN corporate lease
- Lease term runs through June 2037, with three additional five‑year renewal options
- Potential lease occupancy extends through 2052
Property Analytics
Who owns this building?
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Current Use
Lease Details
43,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
299k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 33%
Shops & Services 18%
Groceries 7%
Walmart
Superstores
101,079 visits/mo
0.2 miles
Murphy USA
Shops & Services
26,207 visits/mo
0.2 miles
Aldi
Groceries
21,845 visits/mo
0.3 miles
Starbucks
Dining
17,479 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,843 visits/mo
0.2 miles
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - An absolute NNN corporate lease places property operating responsibilities with the tenant.
Where is this nnn property located?
The property is located at 202 N Parker St Olathe, KS.
What is the asking price?
The asking price for this property is $4,330,000.
What are key features of this property?
This property features: 4,146‑square‑foot 7‑Eleven property under an absolute NNN corporate lease; Lease term runs through June 2037, with three additional five‑year renewal options; Potential lease occupancy extends through 2052
