For Sale
$475,000

507 Walnut Hill RdNorth Yarmouth, ME 04097

NNN Lease, 6.87% Cap Rate, 2.9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
114
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
507 Walnut Hill Rd, North Yarmouth, Maine

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507 Walnut Hill Rd
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