1927 E Crocus Dr presents an investment opportunity in Phoenix's Paradise Valley Village area. The asset is being marketed as a fully leased investment with a recently executed lease extending through 2030 and an absolute NNN structure in which the tenant reimburses property taxes and insurance. Reported contractual rent growth during the initial lease term provides built-in income escalation without requiring a change in operations. The property has undergone approximately $40,000 in recent renovations and capital improvements and is currently operated by an established tenant with a documented operating history.
The property benefits from a North Phoenix location near major commuter routes including SR-51, Loop 101, and I-17, providing regional access across the Phoenix metropolitan area. Nearby residential neighborhoods, employment centers, retail services, healthcare facilities, and outdoor recreation amenities support long-term occupancy demand within the surrounding market. Phoenix remains one of the largest metropolitan areas in the Southwest, offering a diverse economic base driven by healthcare, technology, logistics, financial services, and advanced manufacturing sectors.
For investors seeking predictable income, the offering combines an existing operational use, contractual lease structure, and recent property improvements. The asset's established occupancy, lease term extending through 2030, and reported rental growth provisions create a defined income profile while positioning ownership to benefit from continued participation in the Phoenix market.