11775 S Black Bob Rd
Olathe, KS 66062
Freddy's · Retail Property For Sale

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.