Olathe Corner BP Gas
397 S Parker St Olathe, KS 66062
397 S Parker St, Olathe, KS, 66062
$1,900,000
For Sale
$1,900,000
Modified Net Lease | Minimal Landlord Involvement– Signaled Corner BP Gas Station
Property Size969 SF
Lot Size0.43 Acres
Price / SF$1,960
Days on Market358
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 Office
Select Sites LLC
(913) 529-9500
Listed by
Sara · License #00243964
(913) 529-9500
Added: Jul 28, 2025 Updated: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Patron Pollo Food ...
Restaurant
bp
Grocery & Convenience Store
Byte Federal Bitcoin ...
Atm
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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
