1927 E CROCUS Drive, Phoenix, AZ 85022 (MLS# 7060894)

Supplements: ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap RatePOSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structureNewly executed 5-year lease commencing January 1, 2026Personal guaranteeTwo additional 5-year renewal optionsMonthly base rent increases by $100 each year ... (Read more) ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap RatePOSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structureNewly executed 5-year lease commencing January 1, 2026Personal guaranteeTwo additional 5-year renewal optionsMonthly base rent increases by $100 each yearTenant's first right of refusalASKING PRICE: $695,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized, single-tenant Absolute NNN investment secured by a newly executed 5-year lease.In addition to base rent, the tenant reimburses the landlord for property taxes and insurance, creating a predictable and largely passive income stream.This investment offers:Immediate cash flowContractual annual rent growthMinimal landlord responsibilityPersonal guaranteeLong-term renewal potentialStrong initial and forward yieldsThe property's value is driven by its contractual income stream. This is not an owner-occupant comparable-sale opportunity--it is a yield-focused real estate acquisition.FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200 per month NNN Reimbursements: $440.25 per month Total Monthly Income: $5,640.25Total Annual Income: $67,683Year 1 Cap Rate Purchase Price: $695,000$67,683 ÷ $695,000 = 9.74%YEAR 1 CAP RATE: 9.74% FORWARD YIELD GROWTH Lease Year Annual Income Yield on Original Purchase Price Year 1 $67,683 9.74% Year 2 $68,883 9.91% Year 3 $70,083 10.08% Year 4 $71,283 10.26% Year 5 $72,483 10.43% By Year 5, the annual yield increases to approximately 10.43% based on the original $695,000 purchase price.FIVE-YEAR CASH-FLOW PROJECTION Assuming an all-cash purchase at $695,000:Lease Year Projected Gross Income Year 1 $67,683 Year 2 $68,883 Year 3 $70,083 Year 4 $71,283 Year 5 $72,483 Total $350,415 TOTAL PROJECTED FIVE-YEAR GROSS INCOME: $350,415 The projected five-year gross income equals approximately 50.42% of the purchase price, providing investors with the potential to recover more than half of the original acquisition cost through gross income during the initial lease term alone.LEASE ABSTRACT Lease commencement: January 1, 2026Initial lease term: 5 yearsRenewal options: Two additional 5-year termsBase-rent increases: $100 per month annuallyGuarantee: Personal guaranteeFirst right of refusal: Provided to tenantProperty taxes: Reimbursed by tenantProperty insurance: Reimbursed by tenantLease structure: Absolute NNNINVESTMENT THESIS Why This Asset Performs Attractive 9.74% initial cap rateContractual annual rent increasesForward yield exceeding 10% beginning in Year 3Personal guarantee helps reduce investment riskMinimal ongoing management burdenAnnual increases provide a hedge against inflationStrong Phoenix locationPotential for future cap-rate compressionContractual income secured by underlying real estateTwo additional 5-year renewal optionsThis structure may appeal to private investors, 1031 exchange buyers, family offices, and yield-focused purchasers seeking stable real estate income without the management demands of a traditional residential rental.BUYER REQUIREMENTS The Seller recognizes that traditional residential appraisal methodology may not fully reflect the value of the property's contractual income stream.All offers must:Be submitted as an all-cash purchase; orWaive the appraisal contingency; andInclude acceptable proof of fundsThis is an income-driven acquisition. DISCLAIMER All information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer shall independently verify all information, including but not limited to lease terms, rental income, reimbursements, expenses, property condition, zoning, square footage, and all other material facts.