507 Walnut Hill
Special Purpose
for Sale
Also listed as Office
| Catylist Listing ID: |
30875571 |
| Property Subtypes: |
School/University
|
| Building Size (RSF): |
2,720 SF
|
| Gross Land Area: |
1 SF
|
| Sale Price: |
$475,000 |
| Property Use Type: |
Net Leased Investment (NNN), Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.87% |
| Last Updated: |
9/7/2024 |
Overview / Comments
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%.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
1046 |
| Zoning: |
VILLAGE CENTER |
| Lot Frontage: |
150 |
| Lot Depth: |
290 |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,816 |
14,395 |
23,777 |
| Median Age: |
43.09 |
43.08 |
43.05 |
| Households: |
678 |
5,409 |
9,321 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
