1927 E Crocus Dr Phoenix, Arizona 85022 ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 7.96% Cap Rate POSITIONING Bond-Like Income Secured by Real Estate • Absolute Triple Net Structure • Newly Executed 5-Year Lease (Commencing 1/1/2026) • Personal Guarantee • Two 5-Year Options • Built-In $100 Annual Monthly Increases • First Right of Refusal Asking Price: $850,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized Absolute NNN investment secured by a newly signed 5-year lease. The tenant reimburses property taxes and insurance in addition to base rent creating predictable, passive income. This opportunity delivers: • Immediate cash flow • Structured rent growth • Minimal landlord responsibility • Strong yield within the single-tenant SFR asset class The value proposition is income-driven. This is not an owner-occupant comparable play — it is a yield acquisition. FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200/month NNN Reimbursements: $440.25/month Total Monthly Income: $5,640.25 Annual Income: $67,683 Cap Rate Analysis Purchase Price: $850,000 Year 1 Cap Rate: $67,683 ÷ $850,000 = 7.96% Forward Cap Rate Growth Year Annual Income Forward Yield Year 1 $67,683 7.96% Year 2 $68,883 8.10% Year 3 $70,083 8.24% Year 4 $71,283 8.39% Year 5 $72,483 8.53% By Year 5, yield increases to 8.53% on original cost basis. 5-Year Cash Flow Projection Assuming purchase at $850,000 cash: Total Projected 5-Year Gross Income: $67,683 $68,883 $70,083 $71,283 $72,483 Total 5-Year Income: $350,415 This represents over 41% of purchase price returned in five years through income alone. LEASE ABSTRACT SUMMARY • Lease Commencement: January 1, 2026 • Primary Term: 5 Years • Options: Two 5-Year Extensions • Rental Increases: $100 per month annually • Personal Guarantee • First Right of Refusal • Tenant Reimburses Taxes & Insurance Structure: Absolute NNN INVESTMENT THESIS Why This Asset Performs High Yield Relative to Asset Class Predictable Rent Growth Personal Guarantee Reduces Risk Minimal Management Burden Inflation Hedge via Increases Strong Phoenix Location Cap Rate Compression Potential Income Secured by Real Estate This structure appeals to private investors, 1031 exchange buyers, family offices, and yield-focused capital seeking stable returns without active management. BUYER REQUIREMENTS The Seller recognizes traditional residential appraisal methodology may not fully reflect the value of the contractual income stream. All offers must: • Be Cash OR • Waive Appraisal Contingency • Provide Proof of Funds This is an income acquisition. DISCLAIMER All information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer shall independently verify all information including, but not limited to, lease terms, rental income, expenses, property condition, zoning, square footage, and all other material facts. Gerchick Real Estate makes no warranties or representations as to the accuracy of the information provided. Buyer is advised to conduct their own due diligence and consult with appropriate legal, financial, and tax professionals prior to making any investment decision.