560 Durham Rd Madison, CT 06443-2060
This exceptional investment opportunity presents a fee-simple ownership of a 5,668 square foot daycare center in Madison, Connecticut. The property, built in 1962 and renovated in 2024, sits on a 1.06-acre lot and boasts a new 15.2-year net lease (commencing July 21, 2024 and expiring September 30, 2039) with a corporate guarantee from Busy Bees, a globally recognized childcare provider with over 990 centers worldwide and 119 in the US. The lease includes 10% rent bumps every five years, minimizing landlord responsibilities. The current annual net operating income (NOI) is $80,000, resulting in a 6.75% cap rate and a price per square foot of $209.10. The tenant, BrightPath (a Busy Bees subsidiary), is undertaking approximately $400,000 in tenant improvements. This single-story building is located in a high-income area ($206,000+ average household income within a 1-mile radius, projected to grow 10%+ by 2028) near major retailers like Starbucks and Wells Fargo. The property's strategic location, as an expansion of an existing BrightPath center across the street, ensures high occupancy (currently 100%). The asking price is $1,185,185. Lease options of 3 and 5 years are available. This is a rare opportunity to acquire a low-price-point, high-growth potential property with a strong, financially secure tenant.
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Learning Tree of Madison Daycare Center
5.0: RURAL DISTRICTS (RU-1, RU-2) A. Purpose: The purpose of these districts is to set aside and protect areas which have been or may be developed predominately for single family dwellings on large lots in a rural setting. Certain other uses are also permitted as-of-right or by Special Exception, subject to adequate conditions and safeguards. It is intended…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RU-1 · Madison, CT5.0: RURAL DISTRICTS (RU-1, RU-2) A. Purpose: The purpose of these districts is to set aside and protect areas which have been or may be developed predominately for single family dwellings on large lots in a rural setting. Certain other uses are also permitted as-of-right or by Special Exception, subject to adequate conditions and safeguards. It is intended that all uses permitted in these districts be compatible with single family development and consistent with local street characteristics, the use and protection of private water and sewer facilities (where public facilities are unavailable) and the level of other public services. It is hereby found and declared, further, that these regulations are necessary to the protection of these areas and that their protection is essential to the maintenance of a balanced community of sound residential areas of diverse types. 5.1: PERMITTED USES AS-OF-RIGHT A. In any RU-1 or RU-2 District a building or other structure may be erected, altered, designed or used and a lot may be used as-of-right for any of the following purposes and no other: (1) Those same uses permitted as-of-right and in the same manner as in a Residence District. (2) The display and sale of farm and garden produce raised on the premises and for such purposes; one stand not over 200 square feet in area which stand shall not be less than 15 feet from the edge of the pavement. (3) A saw mill, excepting a permanent commercial saw mill, provided that it is located on a lot of not less than five acres, that all operations are carried on not less than 100 feet from any street or property line, and that all sawing operations are carried on at a distance of not less than 500 feet from any residence, except a residence on the same premises. 5.2: PERMITTED USES, ZONING PERMIT REQUIRED A. The following uses are permitted only after a permit is obtained from the Zoning Enforcement Officer. The purpose of the permit is to ensure compliance with all applicable regulations. (1) The same uses and in the same manner as in a Residence District. 38 5.3: PERMITTED USES, SPECIAL EXCEPTION A. The following uses are permitted by Special Exception, pursuant to Sec. 18.2 through 18.10: (1) The same uses permitted and in the same manner as a Residence District. (2) Town of Madison operated dumps, bulky waste site, landfill, recycling center, transfer station, or septage lagoons. (3) Stables, livery or boarding. (4) Banks, professional and other offices within 350 feet of the RS District, but only both north of Route 80 and east of Route 79. Added 9/18/03;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.