Freestanding QSR w/ Drive-Thru in KC Metro 12195 S Strang Line Rd 4,049 SF Vacant Retail Building Online Auction Sale Olathe, KS 66062
INVESTMENT HIGHLIGHTS
- Optimally situated 4,049-SF freestanding quick-service restaurant with a drive-thru over a 1.15-acre lot with ample on-site parking in Olathe, Kansas.
- Excellent owner/user or value-add investment over C-2 zoned acreage in the desirable South Johnson County retail submarket seeing favorable rates.
- Shadow-anchored by McDonald’s, Cracker Barrel, and Discount Tire, within a 1-mile radius of Target, Aldi, Whole Foods, AMC Dine-In theater, and more.
- Notable positioning with premier visibility along the I-35 and US 169 highway interchange, within immediate proximity of renowned demand drivers.
- Preferably established with a fully equipped commercial kitchen, ADA-compliant accommodations, and two seamless access points of ingress and egress.
- Beneficially surrounded by a growing and affluent community within a 5-mile radius where the average household income is impressively over $116,000.
EXECUTIVE SUMMARY
Exceptionally established, freestanding quick-service restaurant equipped with a drive-thru and ample on-site surface parking in Olathe, Kansas, a part of the Kansas City metropolitan area. Built in 2016, 12195 S Strang Line Road presents a former Zaxby’s building featuring an impressive all-brick, single-story façade over a prime 1.15-acre parcel with two points of ingress and egress. The 4,049-square-foot property will be delivered vacant at the time of sale and features a fully equipped commercial kitchen. This offering serves as an excellent owner/user or value/add investment opportunity for a new owner seeking to acquire a notably positioned asset in the South Johnson County retail submarket. This desirable submarket has been experiencing decreasing vacancies, minimal supply-side pressures, and year-over-year retail rent increases of 4.9%.
Strategically located with high visibility along Olathe’s key highway junction, the Interstate 35 and US Route 169 interchange, 12195 S Strang Line Road benefits from its positioning front and center to a combined total of 108,635 vehicles per day between the interstate and Strang Line Road. The property benefits from its area’s encircling shadow-anchors McDonald’s, Cracker Barrel, and Discount Tire. The building is significantly located in one of Kansas City’s bustling retail corridors where it is also within an immediate 1-mile proximity of numerous household-named businesses. Reputable demand drivers in this mileage include Target, Aldi, Whole Foods Market, The Home Depot, Bass Pro Shops, PetSmart, Chick-fil-A, Texas Roadhouse, and the AMC Dine-In theater.
Ideally surrounding the property within a 5-mile radius is a growing community of 222,562 residents who bring in a noteworthy average household income of more than $116,000. This affluent population is joined by a robust daytime employment of 141,273 employees and has a substantial annual spending power of over $3.1 billion.
12195 S Strang Line Road serves as a sought-after and dynamic acquisition over C-2 Community Center zoning, allowing a plethora of future business opportunities to flourish in Olathe.
Property tours are available by appointment only. Please contact the broker to schedule.
Strategically located with high visibility along Olathe’s key highway junction, the Interstate 35 and US Route 169 interchange, 12195 S Strang Line Road benefits from its positioning front and center to a combined total of 108,635 vehicles per day between the interstate and Strang Line Road. The property benefits from its area’s encircling shadow-anchors McDonald’s, Cracker Barrel, and Discount Tire. The building is significantly located in one of Kansas City’s bustling retail corridors where it is also within an immediate 1-mile proximity of numerous household-named businesses. Reputable demand drivers in this mileage include Target, Aldi, Whole Foods Market, The Home Depot, Bass Pro Shops, PetSmart, Chick-fil-A, Texas Roadhouse, and the AMC Dine-In theater.
Ideally surrounding the property within a 5-mile radius is a growing community of 222,562 residents who bring in a noteworthy average household income of more than $116,000. This affluent population is joined by a robust daytime employment of 141,273 employees and has a substantial annual spending power of over $3.1 billion.
12195 S Strang Line Road serves as a sought-after and dynamic acquisition over C-2 Community Center zoning, allowing a plethora of future business opportunities to flourish in Olathe.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Survey & Site Plans
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Kansas City - MO USA
Market Cap Rate
Kansas City - MO USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
4,049 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.15 AC
Zoning
C-2 - Community Center
Parking
52 Spaces (12.84 Spaces per 1,000 SF Leased)
Frontage
195’ on South Strang Line Road
AMENITIES
- Bus Line
- Corner Lot
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 4,049 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,049 SF | Retail | - | Now |
1st Floor
| Size |
| 4,049 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
10,060
80,167
222,562
2020 Population
10,119
79,810
221,904
2029 Population
10,434
83,299
231,188
2024-2029 Projected Population Growth
3.7%
3.9%
3.9%
Daytime Employees
11,878
62,507
141,273
Total Businesses
616
4,465
12,699
Average Household Income
$80,908
$104,950
$116,293
Median Household Income
$66,481
$85,484
$94,845
Total Consumer Spending
$112.7M
$1.1B
$3.1B
Median Age
34.3
37.5
38.3
2024 Households
3,955
31,664
86,139
Percent College Degree or Above
21%
29%
31%
Average Home Value
$209,910
$304,652
$344,331
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | DP68130000-0002 | Total Assessment | $480,750 (2024) |
| Land Assessment | $290,940 (2024) | Annual Taxes | ($1) |
| Improvements Assessment | $189,810 (2024) | Tax Year | 2023 |
SALE ADVISOR
SALE ADVISOR
John Nolan, Partner
(816) 298-9998
Contact
John Nolan started his career in retail development, leasing and brokerage in 2002 with D.J. Christie, Inc., a regional development firm with strong relationships to top retailers. John was intimately involved with all phases of the development process; site selection, public financing, construction, leasing, management and disposition. He oversaw four Town Center projects and multiple small projects during his eight years with D.J. Christie, Inc. Through this, he gained a thorough understanding of retail development and ownership and learned the formula to make it a profitable venture. Hard work and reaching the team’s goals have always been his forte.
In 2010 John became a partner at DLM Commercial where he focused heavily on tenant representation throughout the recession and had some of his best years; successfully representing national, regional and local retailers and restaurants. John then started the retail division at Lee & Associates, Kansas City, where he was a partner of the firm and oversaw the recruitment of new brokers and the growth of the retail division. He also assisted in over $30 million of industrial development. In addition to new development, John brokered over $125 million in acquisitions. In 2017, John partnered with Andy Crimmins to grow Crossroads Real Estate Group.
A life-long resident of the Kansas City area, John is married to Sarah Nolan and has three children. He is a graduate of Shawnee Mission West High School and was a multi-year letter-winner in football at the University of Buffalo.
In 2010 John became a partner at DLM Commercial where he focused heavily on tenant representation throughout the recession and had some of his best years; successfully representing national, regional and local retailers and restaurants. John then started the retail division at Lee & Associates, Kansas City, where he was a partner of the firm and oversaw the recruitment of new brokers and the growth of the retail division. He also assisted in over $30 million of industrial development. In addition to new development, John brokered over $125 million in acquisitions. In 2017, John partnered with Andy Crimmins to grow Crossroads Real Estate Group.
A life-long resident of the Kansas City area, John is married to Sarah Nolan and has three children. He is a graduate of Shawnee Mission West High School and was a multi-year letter-winner in football at the University of Buffalo.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Amen Almukhtar
Contact
Auctioneer License:
Ten-X, Inc. Arlene Richardson RE Brkr CO00002437
