STREAM Capital Partners > Properties > All Properties > Burger King

Burger King

Net Lease

12 Padanaram Rd, Danbury, Connecticut
Ownership Type:
Fee Simple
Price:
$1,997,000
Cap Rate:
5%
Current Rent:
$99,825
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 12.5 years
Renewal Options:
1, 10 Year Option
Building Sq. Ft.:
3,500 SF
Rent Increases:
10% every 5 Years*
Site Size:
0.64 Acres

Investment Highlights

  • Commitment to the Site: Long-Term Absolute NNN Burger King guaranteed by corporate. Lease offers 10% increases every 5 years.
  • Long Term Historical Occupancy: Burger King corporate has successfully operated this location since 2007 and recently extended for an additional 10 years.
  • Interstate Access: 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 MSA Location: 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.
  • Danbury High School: 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.
  • Nearby National Retailers: Burger King is shadow anchored by ShopRite of Danbury with surrounding national retailers which include Burlington, McDonalds, Sherwin Williams, AutoZone, Five Below, Starbucks, Dunkin, etc.
  • Nearby Amenities: Surrounded by residential communities, shopping centers, schools, and parks, this location benefits from consistent local traffic and a stable customer base.
Ownership Type:
Fee Simple
Price:
$1,997,000
Cap Rate:
5%
Current Rent:
$99,825
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 12.5 years
Renewal Options:
1, 10 Year Option
Building Sq. Ft.:
3,500 SF
Rent Increases:
10% every 5 Years*
Site Size:
0.64 Acres

Listing Agents

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Jonathan Wolfe, Lic. #REB.0791255

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