$1,200,000

Set-it-and-forget-it income for 1031 buyers: 10% cap on year-1 rent, growing with 5% annual increases. Licensed assisted living home leased to an experienced operator, licensed by ADHS for 10 residents incl. directed care. New 5-year lease thru 8/2031 at $10,000/mo plus 5-year renewal option. NNN except roof & structure; tenant pays taxes, insurance, utilities & maintenance. Secured by 2 personal guaranties, a corporate guaranty from the licensed operator & $10K deposit. Fully renovated in 2026: fire sprinklers, interconnected smoke/CO detectors, upgraded electrical, new flooring & baths. Prepaid Sunrun solar thru 2032 lowers operator costs. Single-level 3,302 sq ft on a half acre. By appt only; do not disturb residents or staff.