12 Padanaram Rd Danbury, CT 06811
High-traffic, corporate-guaranteed QSR. Strong ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
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
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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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