Olathe Corner BP Gas
For Sale
$1,900,000
397 S Parker St, Olathe, KS 66062
Modified Net Lease | Minimal Landlord Involvement– Signaled Corner BP Gas Station
Property Size969 SF
Lot Size0.43 Acres
Price / SF$1,960
Days on Market404
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 Agency:
Select Sites LLC
Listed By:
Sara Nylund · License #00243964
(913) 529-9500
Added: Jul 28, 2025
Changed: Mar 16
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
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
