Viewing Listing MLS# 6971140

Turn-Key, Hands-Off Investment with Proven Operator | Phoenix, AZThis 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. Important to see supplement 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 securityan ideal solution for investors prioritizing stability, simplicity, and predictability.Why This Works for InvestorsFully leased, stabilized NNN investmentAnnual rent escalations already built into the leaseTwo 5-year renewal options for long-term incomeExperienced, credit-worthy tenant with a strong operating historyNo landlord responsibilities truly passive ownershipRecent capital improvements already completedImmediate cash flow with upsideescalations are $100/month each year (=$1,200/year), then the rent schedule is:Year 1: $5,200/moYear 2: $5,300/moYear 3: $5,400/moYear 4: $5,500/moYear 5: $5,600/moAssuming this is true NNN (rent H NOI because tenant covers the expenses), here are the cap rates on a $850,000 price:Cap Rate by Year (Price = $850,000)YearMonthly RentAnnual NOICap Rate1$5,200$62,4007.34%2$5,300$63,6007.48%3$5,400$64,8007.62%4$5,500$66,0007.76%5$5,600$67,2007.91%