Absolute NNN — Zero Landlord Expense Exposure

Why This Works for Investors

• EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a stabilized Absolute NNN investment secured by a newly executed five-year lease commencing January 1, 2026 The tenant reimburses property taxes and insurance in addition to base rent creating a predictable, management-light income stream. This offering delivers: • Immediate cash flow • Contractual rent increases • Personal guarantee • Two five-year renewal options This is an income acquisition — not a traditional residential comparable-driven purchase.
• FINANCIAL SUMMARY: Purchase Price: $850,000 Year 1 Total Income: $67,683 Year 1 Cap Rate: 7.96% Forward Yield Growth: Year 2: 8.10% Year 3: 8.24% Year 4: 8.39% Year 5: 8.53% Five-Year Projected Gross Income: $350,415 Two 5-year renewal options for long-term income
• • 5-Year Primary Term • Rental Increases: $100/month annually • Two 5-Year Options • Personal Guarantee • First Right of Refusal • Tenant Pays Taxes & Insurance Structure: Absolute NNN
• Over $40,000 Invested The property has undergone substantial renovation, reducing near-term capital risk and enhancing tenant retention. Major improvements include: • New GE Appliances (Refrigerator, Stove, Microwave, Dishwasher) • New LVT Flooring Throughout • Fully Renovated Bathrooms (Plumbing, Tile, Fixtures, Lighting, Vanities) • New Interior 6-Panel Doors • New Baseboards • Upgraded Custom Front Door & New Sliding Door • Full Exterior Paint • Full Interior Paint • Replaced Pool Pump Motor • New Bedroom Ceiling Lights & Fans • New Exterior Lighting This asset has been remodeled to a turn-key standard reducing deferred maintenance exposure for incoming ownership.
• TENANT PROFILE & STRUCTURE The lease includes a personal guarantee providing additional security beyond the lease itself. The Absolute NNN structure limits landlord operational responsibility and stabilizes cash flow. Key Strengths: • Personal Guarantee • Structured Rent Increases • Long-Term Renewal Options • First Right of Refusal This reduces rollover risk and enhances income durability.
• • Nearly 8% Day-One Yield — In a Single-Family Asset Class • Absolute NNN — Zero Landlord Expense Exposure to Taxes & Insurance • Contractual Rent Growth Locked In for 5 Years • 8.53% Yield on Cost by Year 5 — Without Repositioning Risk • Freshly Executed Lease — Income Secured Through 2030 • Personal Guarantee Backing the Lease Obligation • Over $40K in Renovations — Capital Risk Already Absorbed • Bond-Like Income Stream Backed by Hard Real Estate • Structured Upside Without Operational Intensity • Rare Opportunity: Institutional Yield in a Residential Wrapper

Area Amenities

• Strategically positioned in Phoenix, this property offers unparalleled convenience for residents and tenants alike. Within minutes, you’ll find grocery stores, boutique shopping, fitness centers, and a variety of dining options—from casual cafes to upscale restaurants. Parks, walking trails, and recreational spaces are nearby, providing a balanced lifestyle for families, professionals, and short-term rental visitors. Entertainment Venues: The area boasts vibrant entertainment opportunities, including theaters, live music venues, sports complexes, and cultural attractions. Residents can easily access Scottsdale’s nightlife, Downtown Phoenix’s arts district, and family-friendly attractions like museums and local festivals, ensuring there’s always something to do.
• Transportation: Commuting is effortless with easy access to major highways, including I-10 and Loop 202, connecting to the broader Phoenix metro area. Public transportation is within reach, including bus routes and nearby light rail stations. This prime location offers both convenience and connectivity, making it ideal for renters, travelers, and long-term residents. Major Employers: The Phoenix area is a hub for employment across healthcare, education, tech, and finance. Nearby employers include Banner Health, Dignity Health, Intel, American Express, Wells Fargo, Arizona State University, and Honeywell. These strong employment centers contribute to a stable rental demand and long-term growth potential for investors. Investor Note: Phoenix continues to see strong population and employment growth, with rising rents and demand for quality housing. This property is positioned to capitalize on long-term appreciation, rental income potential, and life