For Sale
$1,997,000

12 Padanaram Rd Danbury, CT 06811

High-traffic, corporate-guaranteed QSR. Strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
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.

Highlights

  • $1,997,000 asking price for this 3,500 SF absolute NNN Burger King/Jack's retail property in Danbury, CT.
  • 12.4 years remaining on the lease, expiring 03/31/2037, with a corporate guarantee and 10% rent bumps every 5 years, plus a 10-year option.
  • 5.00% cap rate with a $99,825 annual NOI and 100% occupancy.
  • Located on Padanaram Road, a high-traffic corridor (22,562 VPD) with I-84 access, offering excellent visibility.
  • Situated in an affluent Danbury, CT area with an average household income of $115,835 within 5 miles and near Danbury High School (3,500 students).
  • Shadow anchored by ShopRite and surrounded by national retailers including Burlington, McDonald's, and Starbucks.

Property Details for 12 Padanaram Rd

Property type
Retail properties
Square Feet
3,500 SF
Lot Size (sq. ft)
27,878 SF

Location Insight

City
Danbury
County
Fairfield
State
Connecticut
Latitude
41.4127263
Longitude
-73.4579582

FAQs

What type of property is this?
Retail property - High-traffic, corporate-guaranteed QSR. Strong ROI.
Where is the retail property located?
The property is located at 12 Padanaram Rd Danbury, CT.
What is the asking price?
The asking price for this property is $1,997,000.
What are key features of this property?
This property features: $1,997,000 asking price for this 3,500 SF absolute NNN Burger King/Jack's retail property in Danbury, CT.; 12.4 years remaining on the lease, expiring 03/31/2037, with a corporate guarantee and 10% rent bumps every 5 years, plus a 10-year option.; 5.00% cap rate with a $99,825 annual NOI and 100% occupancy.
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12 Padanaram Rd
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