397 S Parker St Olathe, KS 66062
Sponsored
Enter your email to get updates about this property.
Modified Net Lease | Minimal Landlord Involvement– Signaled Corner BP Gas Station
Property size:
969 SFProperty Features for 397 S Parker St
General Information
- Property type
- Other specialty properties
- Investment Type
- net-lease
- Square Feet
- 969 SF
- Price / Square Foot
- $117
- Class
- C
- Total Parking Spaces
- 10
- Elevators
- No
- Lot Size
- 18,869 SF
- Air Rights
- 50 SF
- Occupancy
- 100%
- Net Operating Income
- $156,000
Building Details
- Year Built/Renovated
- 1988/2020
- Buildings
- 1
- Stories
- 1
- Units
- 1
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.
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 Zoned C‑3 on a nearly 0.43‑acre lot (18,869 SF) with direct access, paved road frontage, and ample off‑street parking Prime pad site surrounded by national retailers (e.g., Hy‑Vee, Walmart, Walgreens) and high‑density residential—ideal for QSR, coffee, or small‑format retail Existing BP fuel contract in place—seamless transition for continued operations or rebranding Offered at $2.2 million, with excellent redevelopment potential in a fast‑growing suburban Johnson County location Fully improved site with public utilities, upgraded paving, site lighting, and other infrastructure in place Strong opportunity for investors or owner‑users to acquire a high‑performing retail fuel asset with long‑term growth upside
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
- 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
Zoned C-3 on a nearly 0.43-acre lot (18,869 SF) with direct access, paved road frontage, and ample off-street parking
Prime pad site surrounded by national retailers (e.g., Hy-Vee, Walmart, Walgreens) and high-density residential—ideal for QSR, coffee, or small-format retail
Existing BP fuel contract in place—seamless transition for continued operations or rebranding
Offered at $2.2 million, with excellent redevelopment potential in a fast-growing suburban Johnson County location
Fully improved site with public utilities, upgraded paving, site lighting, and other infrastructure in place
Strong opportunity for investors or owner-users to acquire a high-performing retail fuel asset with long-term growth upside
