Price Reduced 4.04%

$475,000

Est. Mortgage $0/mo *

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Price History

$495,000
7/20/2024

$475,000
8/30/2024

507 Walnut Hill Road, North Yarmouth, ME, 04097

507 Walnut Hill Road, North Yarmouth, ME, 04097
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1990

2,720 sqft

Ideal 1031 replacement property leased to Sunflower Friends Early Learning Academy LLC, paying $2,720 monthly NNN, with a lease terminatiing October 31, 2027. Yields $32,640 NNN (tenant pays all expenses) equaling a cap rate of 6.87%. Rent increases to $35,904 ($2,992 monthly) effective November 1, 2025, yielding a cap rate of 7.56%.

Status:

Active

Type:

Commercial

Units:

1

Zoning:

Village Central

Frontage:

150

Heating:

Forced Air

Cooling:

A/C Units

Basement:

Walk-Out Access, Finished, Full

Parking:

11 - 20 Spaces, On Site, Paved

Acreage:

1

Est. Taxes:

$5,562

Construction

Clapboard, Wood Frame

Lot Description:

Downtown, Business District

MLS #:

1597641

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of EXP Realty