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Burger King 12 Padanaram Rd
3,500 SF Retail Building Danbury, CT 06811 $1,997,000 ($571/SF) 5% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Burger King guaranteed by corporate. Lease offers 10% increases every 5 years.
- Burger King is shadow anchored by ShopRite of Danbury with surrounding national retailers which include Burlington, McDonalds, Sherwin Williams
- The site benefits from a built-in customer base as it sits approx 1 mile from Danbury High School with an enrollment of 3,500 students.
Executive Summary
Situated on Padanaram Road, a well-traveled corridor in Danbury, CT, which provides excellent visibility and high traffic flow (22,562 VPD). Padanaram Road connects to I-84, a key route in the region, allowing for convenient access to passing motorists, which enhances the restaurant’s customer base.
Danbury is located in the southwestern part of Connecticut, in Fairfield County and has an affluent customer base, with an average household income of $115,835 within 5 miles of the site.
Property Facts
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 3,500 SF
- $28.52
- Triple Net
- Mar 2037
Every day, guests visit Burger King restaurants around the world. And they do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined the brand for years.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 3,500 SF | $28.52 | Triple Net | Mar 2037 |
PROPERTY TAXES
| Parcel Number | DANB-000011H-000000-000257 | Improvements Assessment | $275,940 |
| Land Assessment | $823,340 | Total Assessment | $1,099,280 |
PROPERTY TAXES
-
Phil DiGennaro -
Connor Shell -
Stream Capital Partners, LLC
Presented by
Burger King | 12 Padanaram Rd
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