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$695,000
6 Beds ⋅ 6 Baths ⋅ 7060894 MLS
* **9.74% Day-One Cap Rate -- Exceptional Yield in a Single-Family Asset** * **Absolute NNN Structure -- Tenant Reimburses Property Taxes and Insurance** * **Contractual Rental Growth Built Into the Initial 5-Year Lease Term** * **Forward Yield Increases to Approximately 10.43% by Year 5** * **Newly Executed Lease Provides Contractual Income Through 2030** * **Personal Guarantee Supports the Tenant's Lease Obligations** * **More Than $40,000 in Recent Renovations and Capital Improvements** * **Predictable Income Stream Secured by Phoenix Real Estate** * **Built-In Upside Without Renovation, Repositioning, or Intensive Management** * **Rare Combination of Double-Digit Forward Yield and Residential Real Estate** ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap Rate POSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structure Newly executed 5-year lease commencing January 1, 2026 Personal guarantee Two additional 5-year renewal options Monthly base rent increases by $100 each year Tenant's first right of refusal ASKING PRICE: $695,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized, single-tenant Absolute NNN investment secured by a newly executed 5-year lease. In addition to base rent, the tenant reimburses the landlord for property taxes and insurance, creating a predictable and largely passive income stream. This investment offers: Immediate cash flow Contractual annual rent growth Minimal landlord responsibility Personal guarantee Long-term renewal potential Strong initial and forward yields The property's value is driven by its contractual income stream. This is not an owner-occupant comparable-sale opportunity--it is a yield-focused real estate acquisition. FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200 per month NNN Reimbursements: $440.25 per month Total Monthly Income: $5,640.25 Total Annual Income: $67,683 Year 1 Cap Rate Purchase Price: $695,000 $67,683 ÷ $695,000 = 9.74% YEAR 1 CAP RATE: 9.74% FORWARD YIELD GROWTH Lease Year Annual Income Yield on Original Purchase Price Year 1 $67,683 9.74% Year 2 $68,883 9.91% Year 3 $70,083 10.08% Year 4 $71,283 10.26% Year 5 $72,483 10.43% By Year 5, the annual yield increases to approximately 10.43% based on the original $695,000 purchase price. FIVE-YEAR CASH-FLOW PROJECTION Assuming an all-cash purchase at $695,000: Lease Year Projected Gross Income Year 1 $67,683 Year 2 $68,883 Year 3 $70,083 Year 4 $71,283 Year 5 $72,483 Total $350,415 TOTAL PROJECTED FIVE-YEAR GROSS INCOME: $350,415 The projected five-year gross income equals approximately 50.42% of the purchase price, providing investors with the potential to recover more than half of the original acquisition cost through gross income during the initial lease term alone. LEASE ABSTRACT Lease commencement: January 1, 2026 Initial lease term: 5 years Renewal options: Two additional 5-year terms Base-rent increases: $100 per month annually Guarantee: Personal guarantee First right of refusal: Provided to tenant Property taxes: Reimbursed by tenant Property insurance: Reimbursed by tenant Lease structure: Absolute NNN INVESTMENT THESIS Why This Asset Performs Attractive 9.74% initial cap rate Contractual annual rent increases Forward yield exceeding 10% beginning in Year 3 Personal guarantee helps reduce investment risk Minimal ongoing management burden Annual increases provide a hedge against inflation Strong Phoenix location Potential for future cap-rate compression Contractual income secured by underlying real estate Two additional 5-year renewal options This structure may appeal to private investors, 1031 exchange buyers, family offices, and yield-focused purchasers seeking stable real estate income without the management demands of a traditional residential rental. BUYER REQUIREMENTS The Seller recognizes that traditional residential appraisal methodology may not fully reflect the value of the property's contractual income stream. All offers must: Be submitted as an all-cash purchase; or Waive the appraisal contingency; and Include acceptable proof of funds This is an income-driven 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, reimbursements, expenses, property condition, zoning, square footage, and all other material facts.

1927 E Crocus Drive, Phoenix
$4,500,000
4 Beds ⋅ 4 Baths ⋅ 7060624 MLS ⋅ 3,319 SqFt.
Opportunities like this rarely become available in this distinctive area of Equestrian properties. Meticulously renovated with modern finishes floor to ceiling. Extensive redesigned landscaping with 25000 feet of new pavers, landscaping lighting, barn with 3 stalls & large runs, tack room, feed room, roping arena, cattle pen & turn back alley and a workshop. Whether you're an avid horse enthusiast or seeking privacy & open space this home offers peaceful, modern & elegant living. Inside you have 4 bedrooms 3 remodeled baths, wood & stone flooring, beautiful new kitchen cabinets with Thermador appliances, large quartz island. New windows & sliding pocket bank of doors opening to the patio with beautifully designed & renovated pebble-tec pool with water feature, outdoor BBQ/kitchen area, with mountain views. Ride, hike or bike right from your home into Cave Creek park. This home has it all!

4150 E Galvin Street, Cave Creek
$499,000
4 Beds ⋅ 2 Baths ⋅ 7060606 MLS ⋅ 1,353 SqFt.
Ready to fall in love with this beautiful home? POOL! RV GATE! NO HOA! Many updates to mention, new exterior and interior paint, quality kitchen cabinets 2018, tile floors t/out, recently resurfaced pool and pool pump, dual pane windows installed t/out, AC and water heater 2021, duct seal and insulation 2021, new door hardware and light fixtures, updated bathrooms. This home has been diligently maintained. Enjoy this open-concept floor plan that was updated to impress w/wine cooler, ample wood shaker cabinets, granite counters, a pantry, and recessed lighting. Spacious main bedroom has a triple-wide closet & a private bathroom. Professionally cleaned! Your private oasis is ready for you to move in! Great location! Secure your private tour today.

2208 E Hearn Road, Phoenix
$1,595,000
4 Beds ⋅ 4 Baths ⋅ 7057193 MLS ⋅ 3,443 SqFt.
The Former Model Home You've Been Waiting For. Set on 1.19 acres, this single-level retreat blends luxury, comfort, & thoughtful upgrades throughout. The stunning 2025 chef's kitchen features custom alder cabinetry, Taj Mahal Quartzite countertops, GE appliances, a custom coffee bar, & striking copper accents. Enjoy a private detached casita with kitchenette, executive office with custom built-ins, and a resort-style north-facing backyard complete with a Pebble Tec pool, spa, outdoor kitchen, mature ficus privacy, covered pergola, & a premium wildlife-resistant dog retreat. With owned solar, a Tesla Powerwall, new Lennox HVAC systems, and countless upgrades, this is a home you truly need to experience in person.

3654 E Sierra Way, Cave Creek
$1,100,000
4 Beds ⋅ 3 Baths ⋅ 7046239 MLS ⋅ 2,721 SqFt.
Step into the charm of Cave Creek, where the spirit of the Old West meets refined desert living, and boutique shops and destination dining are just half a mile away. This beautifully appointed home sits less than a block from the Cave Creek Museum and is surrounded by miles of hiking and biking trails, with year-round festivals, art walks, and bull riding events capturing the true southwestern lifestyle. The great room floor plan is ideal for entertaining, anchored by an open concept kitchen with a large island, breakfast bar seating six, granite counters, knotty alder cabinetry, stainless steel appliances, and a gas Wolf range. The spacious primary suite offers a cozy sitting room and direct access to the covered patio, along with a spa-like bath featuring dual vanities, a jetted soaking tub, glass-enclosed shower, and a generous walk-in closet. Three secondary bedrooms (one en-suite) complete the accommodations, including a permitted 4th bedroom thoughtfully added at the former 3rd garage bay. Outside, the expansive backyard delivers the quintessential Arizona lifestyle -- sweeping mountain views, a sparkling pool with waterfall feature, an above-ground spa, space for a friendly game of horseshoes, and an oversized covered patio for shaded relaxation. Both A/C units were replaced in 2023 and the pool resurfaced in 2022. Lovingly maintained as a second home and seasonal rental by the current owner, this property offers move-in-ready comfort in one of the Valley's most storied communities. Furnishings available separately by written agreement.

6114 E Egret Street, Cave Creek
$3,200,000
4 Beds ⋅ 3 Baths ⋅ 7045663 MLS ⋅ 3,322 SqFt.
This home is in coveted North Cave Creek Red Dog Ranch, a unique and extraordinary desert 1 story 3,300 sq ft retreat captures endless mountain vistas, unforgettable sunsets, and star-filled night skies. Thoughtfully designed with a unique split floor plan, the home offers 4 bdrms, 3 ba -- (2 have been newly remodeled 2025), plus a versatile bonus room with private entrance--perfect as a guest retreat, office, studio, or fitness space total of 10 rooms! Inside, expansive living spaces and a gourmet kitchen flow effortlessly beneath new 2014 Lifetime windows throughout, framing the breathtaking beauty of the surrounding desert at every turn. The luxurious primary suite is a private sanctuary featuring a peaceful sitting area, dual walk-in closets, and a spa-inspired bath. No worries, a newer roof 2015 w/ warranty and added insulation was done! Step outside to your own resort-style oasis where a sparkling 30 x 16 ft executive salt water lap pool with beach front walk in and large spa, glowing outdoor fireplace, elegant travertine patio tiles, and built-in cooking center invite unforgettable evenings under the open sky. The rare gem of this property, it offers serenity and privacy. As the sun sets, the desert transforms into pure magic as countless stars illuminate the evening sky.

41455 N Ironwood Bluff, Cave Creek
$815,000
3 Beds ⋅ 3 Baths ⋅ 7043686 MLS ⋅ 2,109 SqFt.
Like-new 2022 single-level home in highly desirable Galloway Ridge, just a short walk to the shops, restaurants, and entertainment of downtown Cave Creek. This beautifully upgraded 2-bedroom ensuite plus flex room & office cubby, 2.5-bath residence offers an open-concept split floor plan with soaring ceilings, abundant natural light, wood-look ceramic tile flooring, structured wiring, & designer finishes throughout. The gourmet kitchen is the heart of the home, featuring granite countertops, a 12-foot island, gas cooktop, premium cabinetry, and ample space for gathering and entertaining. Relax in the private, low-maintenance backyard with pavers, artificial turf, and Black Mountain views. Enjoy a lock-and-leave lifestyle with resort-style amenities including a heated pool and spa, fitness center, pickleball court, dog park, BBQ area, and fire pit. Ideally located near the library, golf, hiking, biking, horseback riding, and all that Cave Creek has to offer. Perfect for either a lock-and-leave or a full-time residence.

38500 N School House Road Unit 1, Cave Creek
$2,495,000
4 Beds ⋅ 6 Baths ⋅ 7042712 MLS ⋅ 4,200 SqFt.
Brand-new Modern Mediterranean estate featuring an oversized RV garage! Create a custom outdoor resort with pool, spa, pickleball court, putting green, and personalized landscaping capitalizing on a $700,000 price drop! Set on 1.6 private acres with breathtaking mountain views and spectacular Arizona sunsets, the residence showcases custom luxury finishes throughout, including solid white oak flooring, designer tile, custom inset Alder cabinetry, dual oversized kitchen islands, and a professional-grade Sub-Zero/Wolf appliance package. A seamless blend of sophistication, craftsmanship, privacy, and functionality. Everything about this home exudes luxury and sophistication! You will be so impressed with the attention to detail and quality finishes! Turn your dream backyard into a reality!

5249 E Morning Star Road, Cave Creek
$2,800,000
4 Beds ⋅ 4 Baths ⋅ 7039354 MLS ⋅ 4,795 SqFt.
No need to wait, this custom home was completed in May 2026! Set on 1.19 acres, this stunning single-level residence seamlessly blends cutting-edge technology, sophisticated design, and breathtaking Arizona scenery into a lifestyle unlike any other. From the moment you arrive through custom iron gates, you'll appreciate the attention to detail. A dramatic modern steel entry door welcomes guests into a soaring circular foyer, where expansive views and clean architectural lines set the tone for the entire home. Designed for effortless indoor-outdoor living, every room captures the beauty of the surrounding landscape. Technology enthusiasts will appreciate the home's state-of-the-art smart home ecosystem, featuring Starlink connectivity, networking, seamless indoor and outdoor Wi-Fi, integrated security cameras, and a Control4 automation system. Whether you're adjusting music in individual rooms, checking security cameras from your phone, activating the spa before arriving home, or cooling the house and starting the waterfall after a day in the desert, complete control is always at your fingertips. At the heart of the home, the chef's kitchen is both elegant and functional, featuring premium appliances, quartz countertops, custom wood cabinetry, a spacious island, and an oversized walk-in pantry. The dining area frames unforgettable sunsets and mountain views stretching toward Twin Buttes, Avery Peak, and Javelina Hill, while expansive sliding glass doors connect the living room to the resort-style outdoor entertaining spaces. The primary suite is a private sanctuary showcasing panoramic views of Black Mountain, and a spa-inspired bath featuring a freestanding soaking tub with a dramatic ceiling-mounted filler, dual vanities, an oversized shower, and a private water closet. Two of the additional 3 bedrooms offers its own ensuite bath, generous closet space, and picturesque desert views, providing comfort and privacy for family and guests alike. The last room could be used as an office or separate entertainment area. Outside, intentional desert landscaping blends beautifully with the natural surroundings, creating a serene retreat centered around the pool, spa, waterfall, and expansive outdoor living areas. Whether hosting gatherings under the stars or enjoying a quiet Arizona sunrise, every space has been thoughtfully designed to celebrate the beauty of the desert. Car collectors and hobbyists will appreciate the oversized three-car garage, complete with soaring ceilings suitable for vehicle lifts, its own air-conditioning system, epoxy floors, and a stainless-steel utility sink. This is more than a home--it's a private desert estate where luxury, technology, and nature come together to create an exceptional everyday experience.

5580 E El Sendero Drive, Cave Creek
$1,450,000
3 Beds ⋅ 3 Baths ⋅ 7033870 MLS ⋅ 3,201 SqFt.
Located in a prime Cave Creek location on 2.5 acres, this updated custom Territorial home offers the perfect mix of privacy, convenience, and Arizona lifestyle living. Enjoy mountain views, stunning sunsets, and direct access to miles of hiking, biking, and horseback riding trails, all while being within walking distance to local amenities. Recent upgrades include a new 6-ft block wall surrounding the entire property, luxury vinyl flooring throughout the main living areas, new carpet in the bedrooms, new baseboards, custom master closet built-ins, new automatic blinds, and new leach lines. The open floor plan features warm finishes, quality cabinetry, granite countertops, stainless steel appliances, and a new refrigerator. Flexible layout offers 3 bedrooms plus a large office, theatre ro , optional 4th bedroom with separate exterior entrance--ideal for guests or a private workspace. The backyard is built for entertaining with a Pebble Tec pool, new Bullfrog above ground hot tub, spacious covered patio, outdoor kitchen with sink, grill, refrigerator, and fireplace, all positioned to take in the views. There is also a beautiful garden & orchard with citrus and plum trees! Equestrian amenities include a 3-stall mare motel and a large 219' x 107' arena with room to rope, rein, or team pen. Circular driveway, RV parking, and plenty of room to add an RV garage complete this exceptional property. Roof just recoated (June 2026), New AC (June 2026) and new leach field for septic (2026).

34752 N 49th Street, Cave Creek
$1,474,000
5 Beds ⋅ 4 Baths ⋅ 7017138 MLS ⋅ 4,173 SqFt.
Priced under appraisal and set on nearly 5 ac. with a private well, this picturesque homestead captures sweeping mountain views and Arizona charm. Behind the gate, the 3,195 sq ft main home offers 3 bedrooms, 2.5 baths, hickory wood and Saltillo tile floors, beamed ceilings, and warm Western style throughout. Nearby, the 978 sq ft guest house makes a memorable statement with its boomtown façade, wide front porch, open living and kitchen area, 2 bedrooms, and 1 bath--perfect for guests, gatherings, or bunkhouse-style living. Equestrian amenities include an M&D barn with 3 large stalls and two 100' x 70' turnouts, plus abundant space to add an arena. A 3-car garage, extra garage, and 2 storage rooms provide space for toys, and gear. After a day in the saddle, relax by the pool. Paved all the way and close to town, yet wonderfully private, this is Western living with room to roam.

7710 E Arroyo Road, Cave Creek
$2,499,999
4 Beds ⋅ 5 Baths ⋅ 7014671 MLS ⋅ 3,998 SqFt.
Luxury desert retreat on over an acre in Cave Creek with stunning mountain views. This custom home features a split floor plan with 4 ensuite bedrooms, spacious living areas, and high-end finishes throughout. Gourmet kitchen opens to great room, perfect for entertaining. Automated retractable glass wall creates seamless indoor/outdoor living to an oversized covered patio. Resort-style backyard includes heated pool, spa, outdoor kitchen, and multiple seating areas. Primary suite offers spa-like bath with soaking tub and dual walk-in closets. Additional highlights include smart home system, private theater, travertine flooring, custom cabinetry, and 3-car climate-controlled garage. Premium homesite offering privacy and breathtaking Sonoran Desert surroundings. This is the perfect spot for an AirB&B which it has been used for the past 3 years and is very successful. Home was originally built for a Microsoft exec, so the home has GI panels controlling the lighting, shades, climate, media & security. You will fall in love with the 20ft. Livingroom window wall door opening up to your backyard sanctuary to include an outdoor kitchen! So much more-You don't want to miss this one!

5438 E Prickley Pear Road, Cave Creek
$999,999
4 Beds ⋅ 3 Baths ⋅ 7007062 MLS ⋅ 2,732 SqFt.
Reduced Price - Beautifully updated and remodeled in 2024, this inviting Cave Creek home offers a rare blend of comfort, flexibility, and serene desert living just moments from Cave Creek Regional Park. With mountain views, wide-open skies, and a peaceful sense of privacy, the property is designed for easy, low-maintenance living with the added benefit of lock-and-leave convenience. The main residence features 2 bedrooms and 2 baths, while the attached guest quarters provide a welcoming retreat with 2 additional bedrooms, 1 bath, a full kitchen, and a family room--ideal for extended guests, multigenerational living, or extra space to relax. Thoughtful upgrades throughout include quartz countertops, Wolf and Bosch appliances, Milgard windows and doors, updated flooring, custom pavers and an electronic driveway gate. With no HOA, room for RV parking, low real estate taxes, abundant wildlife, and a move-in ready interior, this is a special opportunity to enjoy the beauty and ease of Cave Creek living.

5801 E Surrey Drive, Cave Creek

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.