507 Walnut Hill RdNorth Yarmouth, ME 04097

Property Details for 507 Walnut Hill Rd

Year built

1990

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

1,550 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

NYAR M:007 L:063

APU

NYARM007L063

Description

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.

Location Insight

City

North Yarmouth

County

Cumberland

State

Maine

Latitude

43.8317

Longitude

-70.2511

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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