Macayo's Restaurant Investment
12637 S 48th St, Phoenix, AZ 85044
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Single-tenant Macayo's in Phoenix with long-term NNN lease.
Type:Retail
Property size:
7,783 SFLot size:
1.58 AcresPrice / SF:
$415/SF- Added:
- May 21, 2026
- Days on Market:
- 9
- Last Refresh:
- May 27 at 8:19 am
Property Features for 12637 S 48th St
General Information
- Standard status
- Active
- Size
- 7,783 SF
- Lot size
- 1.58 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing agent Benjamin Farthing License #AZ SA673557000
Listing office CBRE - Phoenix (859) 640-9498
Listing date May 21, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Phoenix
HighLights
- Absolute Triple‑Net (NNN) lease with ±8.5 years of remaining term.
- Located at a high‑traffic hard corner (±63,845 VPD) in Ahwatukee, a highly desirable Phoenix neighborhood.
- Strong demographics: ±89,268 population within a 3‑mile radius with an average household income of ±$140,673, projected to grow.
- Established tenant: Macayo's Mexican Food, a recognized brand, has operated at this location since 1997.
- Proximity to major freeway: I‑10 is just two minutes east (±191,102 VPD).
- Two (2), five (5) year renewal options.
Overview
This offering presents the opportunity to acquire a single-tenant Macayo's Mexican Food property in Phoenix, AZ. Operating at this location since 1997, Macayo's is a recognized restaurant brand in the area. The property features an absolute triple-net (NNN) lease with approximately 8.5 years of remaining term and two (2), five (5) year renewal options. The property is positioned on a 1.58-acre parcel at the corner of 48th St and Warner Road in Ahwatukee, an established neighborhood within the Phoenix MSA. The intersection experiences approximately 63,845 vehicles per day, with the I-10 just two minutes east carrying an additional 191,102 vehicles per day. The surrounding area has retail density, including Ahwatukee Palms Plaza, anchored by Bashas', directly across the street, and Ahwatukee Foothills Towne Center (approximately 705,696 SF), Foothills Park Place (approximately 320,744 SF), and an IKEA-anchored power center, all located within minutes of the property. The 3-mile population of approximately 89,268 supports an average household income of approximately $140,673, projected to grow to approximately $155,161 by 2030. The property size is 7783 square feet.
Location Intelligence
Current Use by Public Records
Macayo's Mexican Food
Restaurant
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.9800606
- Latitude
- 33.3319475
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Single-tenant Macayo's in Phoenix with long-term NNN lease.
Where is this conventional restaurant located?
The property is located at 12637 S 48th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,235,000.
What are key features of this property?
This property features: Absolute Triple‑Net (NNN) lease with ±8.5 years of remaining term.; Located at a high‑traffic hard corner (±63,845 VPD) in Ahwatukee, a highly desirable Phoenix neighborhood.; Strong demographics: ±89,268 population within a 3‑mile radius with an average household income of ±$140,673, projected to grow.
