(Pending)1927 E Crocus Dr, Phoenix, AZ 85022-NNN Leased Property 5 year lease w/increases 7.34% Cap Rate

1927 E Crocus Dr, Phoenix, AZ 85022-NNN Leased Property Actual 7.34% Cap Rate

The Property

Turn-Key, Hands-Off Investment with Proven Operator | Phoenix, AZ

This is a rare, fully leased, NNN investment opportunity ideal for investors seeking predictable cash flow with zero day-to-day landlord responsibilities. The property is a 4-bedroom, 3-bathroom home with a pool, operating successfully as a licensed transitional housing facility with a strong, experienced tenant and documented operating history.

The Seller has invested approximately $40,000 in recent upgrades, resulting in a modern, well-maintained, and highly functional property. With the tenant fully in place and operations stabilized, this offering is perfect for a truly passive investor.

The property is secured by a 5-year NNN lease at $5,200 per month, with annual rent escalations of $1,200 per year in Years 2 through 5, providing built-in income growth. The lease also includes two (2) additional 5-year renewal options, offering long-term stability and downside protection.

Landlord Responsibilities: NONE.
The tenant is responsible for prorated property taxes, insurance, utilities, pool maintenance, property upkeep, and all operational expenses, allowing ownership to enjoy hands-off income with no management burden.

Backed by a tenant with a very strong track record, this investment delivers durable cash flow, annual rent growth, and long-term lease security—an ideal solution for investors prioritizing stability, simplicity, and predictability.

Cap Rate by Year (Price = $850,000)

Year	Monthly Rent	Annual NOI	Cap Rate
1	$5,200	$62,400	7.34%
2	$5,300	$63,600	7.48%
3	$5,400	$64,800	7.62%
4	$5,500	$66,000	7.76%
5	$5,600	$67,200	7.91%

Investor Takeaway

Immediate cash flow with stability: Year-1 income delivers a 7.34% cap rate on an $850,000 purchase price, secured by a fully executed NNN lease.
Predictable annual growth: Built-in $100/month annual rent increases provide steady, contractual income growth with no reliance on market rent bumps.
Rising cap on cost: Cap rate increases each year, reaching approximately 7.9% by Year 5, all while ownership remains completely passive.
True hands-off investment: The tenant is responsible for property taxes, insurance, utilities, pool service, maintenance, and upkeep—resulting in no landlord management or expense exposure.
Proven, credit-worthy operator: The tenant has a strong operating track record and an established history, significantly reducing operational and vacancy risk.
Long-term security: The initial 5-year lease is supported by two additional 5-year renewal options, offering potential 15 years of stabilized income.
Capital already invested: Approximately $40,000 in recent upgrades have been completed, minimizing near-term capital expenditures.

Bottom Line:
This is a low-risk, NNN, income-producing asset designed for investors seeking predictable returns, minimal oversight, and long-term lease security—an ideal addition to a passive investment portfolio.

Virtual Tour-Check it out!

If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?

Location

Area Amenities:
Strategically positioned in Phoenix, this property offers unparalleled convenience for residents and tenants alike. Within minutes, you’ll find grocery stores, boutique shopping, fitness centers, and a variety of dining options—from casual cafes to upscale restaurants. Parks, walking trails, and recreational spaces are nearby, providing a balanced lifestyle for families, professionals, and short-term rental visitors.

Entertainment Venues:
The area boasts vibrant entertainment opportunities, including theaters, live music venues, sports complexes, and cultural attractions. Residents can easily access Scottsdale’s nightlife, Downtown Phoenix’s arts district, and family-friendly attractions like museums and local festivals, ensuring there’s always something to do.

Transportation:
Commuting is effortless with easy access to major highways, including I-10 and Loop 202, connecting to the broader Phoenix metro area. Public transportation is within reach, including bus routes and nearby light rail stations. This prime location offers both convenience and connectivity, making it ideal for renters, travelers, and long-term residents.

Major Employers:
The Phoenix area is a hub for employment across healthcare, education, tech, and finance. Nearby employers include **Banner Health**, **Dignity Health**, **Intel**, **American Express**, **Wells Fargo**, **Arizona State University**, and **Honeywell**. These strong employment centers contribute to a stable rental demand and long-term growth potential for investors.

Investor Note:
Phoenix continues to see strong population and employment growth, with rising rents and demand for quality housing. This property is positioned to capitalize on long-term appreciation, rental income potential, and lifestyle appeal, making it an attractive addition to any investor’s portfolio.

$850,000

Sale Price

$62,400

NNN Rental Income

$5,350

NNN Reimbursements

$62,400

Net Operating Income

7.34%

Actual Cap Rate

Offering Memorandum and Marketing Flyer

To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.

Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.

If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.

Thank you for considering our investment opportunity, and we hope to hear from you soon!

One Page Flyer-Check it out Offering Memorandum-Check it out!