11981 S Strang Line Rd - Black Bear Diner

Investment 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.

Investment 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