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. Valuation & Underwriting Consideration This asset should be evaluated based on its income performance and lease structure. As a single-family residence leased to an operator, traditional owner-occupied comparable home sales may not fully reflect the investment value of the property. This opportunity is well suited for investors seeking stable yield, limited management intensity, and long-term lease security supported by a needs-based tenant. 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.