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Property profile & analytics
OFF-MARKET Estimated value $1,085,000
Day care centers

560 Durham Rd Madison, CT 06443-2060

3,086 SF 1.06 ac lot Built 1962
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US15-0064141
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1962
Construction FRAME
Total area 3,086 SF
Lot 1.06 ac (46,174 SF)
Zoning code RU-1
APN MADI M:89 B:42
UPID US15-0064141
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Learning Tree of Madison Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.09M
Owner & transaction history
560 Durham LLC · 1 yrs held
560 Durham LLC
since 2024
Last sale
$1.1M
4 recorded transactions
2024
$1.1M
2024
$660,000
2012
$262,500
2010
$1
Zoning & alternative use
RU-1 · Madison, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Rural Residence District 80000 Square Feet
General category RESIDENTIAL
Zone area 15,939.15 ac
Source Regulations | Madison, CT
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