202-204 N Parker St - Retail FOR SALE


Olathe, KS 66061- Fairview | 
$4,330,000 USD
980-498-3293
202-204 N Parker St, Olathe, KS for Sale
$4,330,000 USD
Retail - FOR SALE
1/5
null | 5.25% Cap Rate

202-204 N Parker St
Olathe, KS 66061
Fairview


HIGHLIGHTS

  • Direct corporate obligation of 7-Eleven, Inc. | Backed by parent Seven & i Holdings Co., Ltd. (S&P A-) | Approximately 12,400 U.S. locations, 86,000+
  • Absolute NNN structure with approximately 11 years of remaining term to 6/30/2037 | Built-in 5% escalation in 2032 | Three (3) five (5) year renewal o
  • Located at the corner of N Parker St & W Santa Fe St | Combined VPD exceeds 43,000+.

OVERVIEW

- Direct corporate obligation of 7-Eleven, Inc. | Backed by parent Seven & i Holdings Co., Ltd. (S&P A-) | Approximately 12,400 U.S. locations, 86,000+ globally. - Absolute NNN structure with approximately 11 years of remaining term to 6/30/2037 | Built-in 5% escalation in 2032 | Three (3) five (5) year renewal options with 10% increases. - Located at the corner of N Parker St & W Santa Fe St | Combined VPD exceeds 43,000+. - 5-mile AHHI exceeds $147,000+ | 5-mile population exceeds 145,000+. - Absolute NNN structure | Tenant responsible for taxes, insurance, maintenance and repairs | No landlord obligations after closing. - Existing, operating store built in 1997 with an established customer base and sales history | Positioned as a daily fuel and convenience stop at a high-traffic corner.

FOR SALE DETAILS

PRICE

$4,330,000 USD

PRICE/SF

$1,040 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

DP77450000-0002

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.