For Sale
$1,185,185

560 Durham RdMadison, CT 06443

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113

Highlights

  • Busy Bees, a global leader with 990 centers (119 US), backed by the Ontario Teacher's Pension Plan, acquired the tenant in 2017.
  • New 15-year NNN lease with 10% rent increases every five years and minimal landlord responsibilities.
  • Corporate guarantee from Busy Bees secures the lease for the full 15-year term.
  • Tenant to complete approximately $400,000 in improvements.
  • Low, sustainable rents.
  • Prime location; expansion of an existing BrightPath center across the street, expected to reach full capacity post-improvements.

Property Details for 560 Durham Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
5,668 SF
Year Built/Renovated
1962/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
46,174 SF

Location Insight

City
Madison
County
New Haven
State
Connecticut
Latitude
41.3169397
Longitude
-72.6066853
560 Durham Rd, Madison, Connecticut
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560 Durham Rd
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