S Parker Gas Station

Highlights:

• Owner-user NOI of approximately $186,000
• Owner-user pre-tax cash flow of approximately $202,000
• 2024 gross sales of $2.27 million without beer or wine
• Inside sales of $923,000 with clear value-add upside
• Inventory and goodwill added at closing for owner-user buyers
• Modified NNN investment option with $156,000 annual rent
• Real estate offered at $1,900,000 for both scenarios
• Prime BP hard-corner site with direct access to I-35
• Located in front of the 208-unit ARIA Luxury Apartments
• Strong activity from Olathe North High School, Hy-Vee, and Downtown Olathe
• Panasonic EV plant adding more than eight thousand jobs within twelve miles
• Heartland Coca-Cola completing a seven-hundred-thousand-square-foot campus
• $200 million Santa Fe and I-35 interchange improvements underway
• Olathe ranked the number twelve fastest-growing city in the United States
• Full financial package available upon request. Contact Sara Nylund at sara@selectsitesllc.com 913-529-9500

Description:

Owner/user or investment opportunity located at a high-visibility corner in central Olathe, Kansas. This standalone commercial Prime NNN Investment – Corner BP Gas Station with Strong Operator

Outstanding opportunity to acquire a single-tenant, absolute NNN gas station investment located at a signalized intersection in the heart of Olathe, KS. This high-visibility BP station features eight upgraded fuel pumps, a steel canopy, and a 969 SF convenience store on a 0.43-acre parcel.

The tenant, Parker BP LLC, operates under a 10-year lease through January 2033 with 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—offering investors true passive income.

Located just off W Santa Fe Street, the property is surrounded by dense residential neighborhoods, national retailers, and key traffic drivers including Hy-Vee, Olathe North High School, and downtown Olathe. Strong demographics and over $2.27M in 2024 tenant sales make this an ideal 1031 exchange candidate or long-term hold.


Strategically positioned just off West Santa Fe Street, this high-visibility corner location offers seamless access to I-35, making it an ideal site for retailers, fuel operators, and investors. Situated within a thriving commercial corridor, the property is surrounded by a mix of national retailers, professional services, and densely populated residential neighborhoods.

The site sits directly in front of the newly completed ARIA Luxury Apartments, a 208-unit Class A development, creating a built-in customer base and constant foot traffic. Other neighborhood anchors include Olathe North High School, Hy-Vee, and historic downtown Olathe, all of which contribute to the area’s exceptional daytime population and retail momentum.

Just a few miles to the south, Heartland Coca-Cola is completing a 700,000 SF bottling and distribution campus at 17100 S Hedge Lane, further reinforcing Olathe’s position as a growing logistics and employment hub. Major public infrastructure investments—like the $200M Santa Fe/I-35 interchange modernization project—signal long-term growth and rising land value in this corridor.

---

Report Listing This listing was syndicated through: