11775 S Black Bob Rd - Fast Food FOR SALE


Olathe, KS 66062
$2,029,000 USD
816-753-6000
11775 S Black Bob Rd, Olathe, KS for Sale
$2,029,000 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

11775 S Black Bob Rd
Olathe, KS 66062


HIGHLIGHTS

  • Freestanding restaurant building with drive-thru in a high-traffic retail corridor.
  • Surrounded by major national retailers including Target, Home Depot, Whole Foods, and AMC Theatres.
  • Located in Johnson County, one of the most affluent and economically robust areas in the U.S.
  • Located in Johnson County, one of the most affluent and economically robust areas in the U.S.
  • Immediate proximity to major highways, including Interstate 35, offering seamless regional connectivity.
  • Strong demographical trends with high household incomes and dense daytime employment supporting sustained demand.

OVERVIEW

This freestanding Freddy’s Frozen Custard & Steakburgers restaurant offers a rare triple net lease investment opportunity in Olathe, Kansas—one of the most affluent and fastest-growing areas within the Greater Kansas City region. Situated on a highly visible site at the northeast quadrant of 119th Street and Black Bob Road, the property benefits from strong traffic counts and a thriving retail corridor surrounded by more than 1.5 million square feet of national brands including Target, Home Depot, Whole Foods, and AMC Theatres. The asset features a drive-thru equipped building on 1.87 acres and provides stable income through a well-established tenant under a triple net lease, which minimizes landlord responsibilities. Johnson County ranks among the wealthiest counties in the nation, with robust demographics and strong consumer purchasing power—underscoring the property’s long-term stability and value. Located just 22 minutes from downtown Kansas City and offering excellent regional access via Interstate 35, this location positions investors to capture both local demand and metro-wide growth. Priced at $2,029,000 with a 5.5% cap rate, this investment combines dependable occupancy with strong market fundamentals, making it a compelling addition to any net lease portfolio seeking a blend of security and growth potential.

FOR SALE DETAILS

PRICE

$2,029,000 USD

PRICE/SF

$553 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,389 SF

ZONING

CP-2

APN/PARCEL ID

DP26980000-0001

ASK ABOUT THIS PROPERTY

Phil PeckBlock & Company, Inc.More Info
816-753-6000

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Phil PeckBlock & Company, Inc.More Info
816-753-6000

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