11981 S Strang Line Rd, Olathe, KS 66062

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.

Location Description

Located in the heart of Olathe’s premier retail corridor, this property offers exceptional visibility and access just off I-35, adjacent to high-performing centers like The Olathe Station and The Shops at 119th—home to national anchors including Target, Best Buy, and PetSmart. Surrounded by a growing population of over 160,000 within a 5-mile radius and average household incomes exceeding $115,000, the site benefits from strong demographics and steady consumer demand. This highly trafficked, amenity-rich location presents a compelling opportunity for anyone seeking a lucrative opportunity in one of Johnson County’s most vibrant and established commercial nodes.