15456 W Morning Glory St - Health Care FOR SALE


Goodyear, AZ 85338- Canyon Trails
$825,000 USD
602-688-9279
15456 W Morning Glory St, Goodyear, AZ for Sale
$825,000 USD
Health Care - FOR SALE
1/22
null | 7.5% Cap Rate

15456 W Morning Glory St
Goodyear, AZ 85338
Canyon Trails


HIGHLIGHTS

  • Single-family home leased to established assisted care operator/Attractive passive investment with reduced management intensity
  • NN lease structure with predictable operating profile
  • New 5-year lease recently executed
  • Two additional 5-year tenant renewal options
  • Initial rent of $5,600/month increasing to $6,000/month by Year 5
  • True 7.5% cap rate at $825,000 purchase price/Needs-based tenant providing long-term demand stability

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$454 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NN-Leased Single-Family Investment | Assisted

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

PAD

APN/PARCEL ID

500-04-655

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.