397 S Parker St Olathe, KS 66062
Modified Net Lease | Minimal Landlord Involvement– Signaled Corner BP Gas Station
Property size:
969 SFLot size:
0.43 Acres- Added:
- Jul 28, 2025
- Days on Market:
- 255
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 397 S Parker St
General Information
- Standard status
- Active
- Property type
- Other specialty properties, Specialty properties
- Size
- 969 SF
- Class
- C
- Total Parking Spaces
- 10
- Elevators
- No
- Lot size
- 0.43 Acres
- Occupancy
- 100%
- Investment Type
- Net Lease
- Net Operating Income
- $156,000
Building Details
- Year Built
- 1988
- Year Renovated
- 2020
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing agent Sara (913) 529-9500
Listing office (913) 529-9500
Listing date Jul 28, 2025
Overview
Olathe Corner BP Gas Station
Located at a signalized intersection in Olathe, Kansas, this BP gas station features a 969 square-foot convenience store on a 0.43-acre parcel. The property includes eight upgraded fuel pumps under a steel canopy. The tenant, Parker BP LLC, operates under a 10-year lease through January 2033, which includes 2% annual rent increases and two 5-year renewal options. The lease structure is absolute NNN, with the tenant responsible for taxes, insurance, and all operating expenses. The property is zoned C-3 and features direct access, paved road frontage, and off-street parking. The site is fully improved with public utilities, upgraded paving, and site lighting. The property is located just off W Santa Fe Street, surrounded by dense residential neighborhoods, national retailers, and key traffic drivers including Hy-Vee, Olathe North High School, and downtown Olathe. The property is located in a fast-growing suburban Johnson County location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
ATM
Atm
Patron Pollo Food ...
Restaurant
bp
Grocery & Convenience Store
Byte Federal Bitcoin ...
Atm
Location Insight
- Map
- Local Demand
- City
- Olathe
- County
- Johnson
- State
- Kansas
- Longitude
- -94.833677
- Latitude
- 38.899864
Nearby Similar for Sale
FAQs
What type of property is this?
Specialty property - Modified Net Lease | Minimal Landlord Involvement– Signaled Corner BP Gas Station
Where is this specialty property located?
The property is located at 397 S Parker St Olathe, KS.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High‑traffic BP gas station for sale at a signalized hard corner in Olathe’s core retail corridor, offering strong visibility and brand exposure; Eight modern fuel dispensers beneath a 5,200 SF steel canopy with updated infrastructure and a strong national fuel brand presence; 969 SF convenience store with existing operations — ideal for investors seeking immediate cash flow or owner‑operators looking for value‑add retail potential
