12637 S 48th St Phoenix, AZ 85044

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.