11981 S Strang Line Rd - Restaurant FOR SALE


Olathe, KS 66062
$2,850,000 USD
816-645-9203
11981 S Strang Line Rd, Olathe, KS for Sale
$2,850,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

11981 S Strang Line Rd
Olathe, KS 66062


HIGHLIGHTS

  • Prime Location in Regional Power Center Anchored by AMC Theaters and Target
  • NNN with Strong Corporate Guaranty
  • Accessibility - Immediate access to I-35
  • Over 235k people live within a five-mile radius

OVERVIEW

Clemons Real Estate is pleased to exclusively market for sale a single tenant net leased Black Bear Diner property in Olathe, Kansas, within the Kansas City MSA. Black Bear Diner has been operating since 2019 and the current lease runs through 2030 with three 5-year renewal options. There are 1.1% rent escalations for every option period. Additionally, the lease is absolute trip net presenting no landlord responsibility. Positioned in a high-growth, amenity-rich trade area with strong demographics and immediate access to I-35, this property presents a compelling opportunity for investors seeking a stable near-term income with long-term upside. Whether held as a continued net lease investment or converted to an owner-user strategy at lease expiration, the property offers flexibility and value in a highly desirable Johnson County shopping center.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Bear Diner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CP-2

APN/PARCEL ID

DP54370000-0004

ASK ABOUT THIS PROPERTY

Zachery FowleClemons Real EstateMore Info
816-645-9203

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Zachery FowleClemons Real EstateMore Info
816-645-9203

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