12 Padanaram Rd Danbury, CT 06811
- Retail properties
- 3,500 SF
- 0.64 lot acres
Current Use by Public Records
- Burger King / Fast Food Restaurant / Restaurant
Property Details for 12 Padanaram Rd
- Lot size
- 0.64 lot acres
- Property size
- 3,500 SF
- Property type
- 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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Danbury
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.458
- Latitude
- 41.4127
