12 Padanaram RdDanbury, CT 06811

Property Details for 12 Padanaram Rd

Lot size

0.64 AC

Property size (Sq ft)

3,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 3,500 square foot, absolute NNN leased Burger King property located at 12 Padanaram Rd, Danbury, CT 06811. The property sits on a 0.64-acre lot and boasts a 100% occupancy rate with a corporate guarantee from Burger King, ensuring consistent cash flow. The current lease, with a remaining term of 12.4 years (expiring 03/31/2037), includes a 10% rent increase every five years, providing built-in growth potential. The property generates a strong net operating income (NOI) of $99,825, resulting in a 5.00% cap rate. This prime location benefits from high visibility and traffic flow (22,562 vehicles per day) on Padanaram Road, a major thoroughfare connecting to I-84. The affluent Danbury market, with an average household income of $115,835 within a 5-mile radius, and proximity to Danbury High School (approximately 1 mile away with 3,500 students) contribute to a robust customer base. The property also enjoys a strategic location near other national retailers, including ShopRite, Burlington, McDonald's, and more, further enhancing its appeal and drawing significant foot traffic. This is a rare opportunity to acquire a stable, high-performing, long-term net lease investment in a desirable location.

Location Insight

City

Danbury

County

Fairfield

State

Connecticut

Latitude

41.4127

Longitude

-73.458

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