7-Eleven NNN Convenience
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For Sale
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202 N Parker St, Olathe, KS 66061
An absolute NNN corporate lease places property operating responsibilities with the tenant.
Property Size4,146 SF
Price / SF$1,044
Days on Market6
Property Features for 202 N Parker St
General Information
Standard status
Active
Size
4,146 SF
Property subtype
Retail
Net Operating Income
$227,282
Financials
Asking Price
$4,330,000
Cap Rate
5.25%
Site & Location
Traffic Count
43,000 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:59PM
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
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
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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
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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
