Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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