Freestanding Pizza Hut
For Sale
Contact for pricing
4708 S 48TH ST, Phoenix, AZ 85040
Absolute NNN drive-thru restaurant with strong 48th Street visibility and remaining lease term through 2032.
Property Size3,752 SF
Lot Size0.84 Acres
Price / SF$792.91
Days on Market103
Property Features for 4708 S 48TH ST
General Information
Standard status
Active
Size
3,752 SF
Total Parking Spaces
40
Lot size
0.84 Acres
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Value Add
Net Operating Income
$135,520
Site & Location
Traffic Count
80,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
2003
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lee & Associates - Arizona
Listed By:
John Esslinger · License #AZ SA686454000
Source:
Crexi
Added: May 28
Changed: Aug 22
Last Checked: Sep 7 at 3:03AM
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 Lee & Associates - Arizona
Investment Insights
Based on property information with market context.
The property is a freestanding drive-thru restaurant building built for a Pizza Hut format, currently described as a “go-dark” asset. Pizza Hut vacated the property on June 1, 2026; however, the tenant remains obligated and is currently fulfilling the lease obligations under an absolute NNN-style structure. The tenant is responsible for real estate taxes, CAM/CC&R charges, insurance, utilities, and broad maintenance responsibilities, including the building, roof, structure, systems, and related components.
The site includes approximately 3,752 SF of building area on about 0.84 acres, with abundant parking and multiple access points. It has strong visibility along 48th Street, which the listing notes sees almost 80,000 vehicles per day. The asset is located within a dense South Phoenix office and industrial trade area, with immediate access to major transportation corridors including I-10, Loop 202, and SR-143.
Lease duration is anchored by approximately 5.56 years of remaining term, with the current term scheduled to expire on February 23, 2032. The combination of a secured absolute NNN lease structure and a drive-thru configuration makes this a practical fit for buyers seeking an NNN retail income profile tied to a long-term tenant obligation.
The site includes approximately 3,752 SF of building area on about 0.84 acres, with abundant parking and multiple access points. It has strong visibility along 48th Street, which the listing notes sees almost 80,000 vehicles per day. The asset is located within a dense South Phoenix office and industrial trade area, with immediate access to major transportation corridors including I-10, Loop 202, and SR-143.
Lease duration is anchored by approximately 5.56 years of remaining term, with the current term scheduled to expire on February 23, 2032. The combination of a secured absolute NNN lease structure and a drive-thru configuration makes this a practical fit for buyers seeking an NNN retail income profile tied to a long-term tenant obligation.
Key Highlights
- Freestanding Pizza Hut drive‑thru asset built in 2003 in Phoenix, AZ
- Approximately 3,752 SF building on about 0.84 acres with abundant parking and multiple access points
- Pizza Hut vacated June 1, 2026, but tenant remains obligated and currently fulfilling the lease
Property Analytics
Property Profile
Current Use
Lease Details
80,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
Whataburger
Dining
16,228 visits/mo
0.1 miles
Panda Express
Dining
15,947 visits/mo
0.0 miles
Chevron
Shops & Services
10,891 visits/mo
0.1 miles
Taco Bell
Dining
10,849 visits/mo
0.1 miles
Jimmy John's
Dining
3,858 visits/mo
0.1 miles
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Absolute NNN drive-thru restaurant with strong 48th Street visibility and remaining lease term through 2032.
Where is this drive through restaurant located?
The property is located at 4708 S 48TH ST Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Freestanding Pizza Hut drive‑thru asset built in 2003 in Phoenix, AZ; Approximately 3,752 SF building on about 0.84 acres with abundant parking and multiple access points; Pizza Hut vacated June 1, 2026, but tenant remains obligated and currently fulfilling the lease
