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15456 W Morning Glory St - NN-Leased Single-Family Investment | Assisted 1,818 SF Health Care Building Offered at $825,000 at a 7.50% Cap Rate in Goodyear, AZ 85338
INVESTMENT HIGHLIGHTS
- Single-family home leased to established assisted care operator/Attractive passive investment with reduced management intensity
- New 5-year lease recently executed
- Initial rent of $5,600/month increasing to $6,000/month by Year 5
- NN lease structure with predictable operating profile
- Two additional 5-year tenant renewal options
- True 7.5% cap rate at $825,000 purchase price/Needs-based tenant providing long-term demand stability
EXECUTIVE SUMMARY
True 7.5% Cap Rate | Long-Term Lease Stability
Stabilized single-family investment leased to an established assisted care operator under a modified-NN lease structure. The tenant recently executed a new 5-year lease.
Current rent is $5,600 per month, with annual contractual increases to $6,000 per month by Year 5. The tenant is responsible for all operating expenses, including utilities, maintenance, landscaping, and repairs. The landlord covers property taxes, insurance, and HOA fees.
Offered at $825,000, this asset delivers a true 7.5% cap rate, supported by a needs-based tenant and predictable income growth.
Ideal for investors seeking stable cash flow, limited management intensity, and long-term lease security.
Rent & NOI Escalation Table (Marketing-Ready)
Purchase Price: $825,000
Cap Rate: 7.5%
Lease Year Monthly Rent Annual Rent Projected NOI
Year 1 $5,600 $67,200 $61,875
Year 2 $5,700 $68,400 $63,075
Year 3 $5,800 $69,600 $64,275
Year 4 $5,900 $70,800 $65,475
Year 5 $6,000 $72,000 $66,675
NOI growth driven by contractual rent increases under a modified-NN lease structure.
Stabilized single-family investment leased to an established assisted care operator under a modified-NN lease structure. The tenant recently executed a new 5-year lease.
Current rent is $5,600 per month, with annual contractual increases to $6,000 per month by Year 5. The tenant is responsible for all operating expenses, including utilities, maintenance, landscaping, and repairs. The landlord covers property taxes, insurance, and HOA fees.
Offered at $825,000, this asset delivers a true 7.5% cap rate, supported by a needs-based tenant and predictable income growth.
Ideal for investors seeking stable cash flow, limited management intensity, and long-term lease security.
Rent & NOI Escalation Table (Marketing-Ready)
Purchase Price: $825,000
Cap Rate: 7.5%
Lease Year Monthly Rent Annual Rent Projected NOI
Year 1 $5,600 $67,200 $61,875
Year 2 $5,700 $68,400 $63,075
Year 3 $5,800 $69,600 $64,275
Year 4 $5,900 $70,800 $65,475
Year 5 $6,000 $72,000 $66,675
NOI growth driven by contractual rent increases under a modified-NN lease structure.
PROPERTY FACTS
| Price | $825,000 | Lot Size | 0.13 AC |
| Price Per Bed | $137,500 | Building Size | 1,818 SF |
| Sale Type | Investment | No. Beds | 6 |
| Cap Rate | 7.50% | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 2005/2020 |
| Zoning | PAD | ||
| Price | $825,000 |
| Price Per Bed | $137,500 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Health Care |
| Lot Size | 0.13 AC |
| Building Size | 1,818 SF |
| No. Beds | 6 |
| No. Stories | 1 |
| Year Built/Renovated | 2005/2020 |
| Zoning | PAD |
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| NN Leased Property | 6 |
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15456 W Morning Glory St - NN-Leased Single-Family Investment | Assisted
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