For Sale
$475,000

507 Walnut Hill Rd North Yarmouth, ME 04097

NNN Lease, 6.87% Cap Rate, 2.9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 2,720 square foot school building situated on one acre in North Yarmouth, Maine. Currently leased to Sunflower Friends Early Learning Academy LLC under a triple-net (NNN) lease expiring October 31, 2027, offering a remaining lease term of approximately 2.9 years. The property generates a strong net operating income (NOI) of $32,640 annually, translating to a compelling 6.87% capitalization rate based on the asking price of $475,000. A significant rent increase is built into the lease, with the annual rent rising to $35,904 (a 7.56% cap rate) effective November 1, 2025. The property is ideally suited for a 1031 exchange, offering a stable income stream and attractive return on investment. Located at 507 Walnut Hill Rd, North Yarmouth, ME 04097, this single-unit property boasts a price per square foot of $174.63. All expenses are covered by the tenant, minimizing operational burdens for the owner. This established childcare facility presents a low-risk, high-reward investment prospect in a desirable Maine location.

Highlights

  • $475,000 asking price for this special purpose property.
  • NNN lease with a remaining term of 2.9 years, expiring 10/31/2027.
  • 2,720 square feet on a 1-acre lot in North Yarmouth, Maine.
  • 6.87% cap rate with a current NOI of $32,640.
  • Leased to Sunflower Friends Early Learning Academy LLC.
  • $174.63 price per square foot.

Property Details for 507 Walnut Hill Rd

Property type
Specialty properties, Schools
Square Feet
2,720 SF
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
North Yarmouth
County
Cumberland
State
Maine
Latitude
43.8316284
Longitude
-70.2514499

FAQs

What type of property is this?
Specialty property - NNN Lease, 6.87% Cap Rate, 2.9 Years Remaining
Where is the specialty property located?
The property is located at 507 Walnut Hill Rd North Yarmouth, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: $475,000 asking price for this special purpose property.; NNN lease with a remaining term of 2.9 years, expiring 10/31/2027.; 2,720 square feet on a 1-acre lot in North Yarmouth, Maine.
How can I contact the broker?
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507 Walnut Hill Rd
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