Freestanding Pizza Hut
4708 S 48TH ST Phoenix, AZ 85040
4708 S 48TH ST, Phoenix, AZ, 85040
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For Sale
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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$852.88
Days on Market55
Property Features for 4708 S 48TH ST
General Information
- Standard status
- Active
- Size
- 3,752 SF
- Lot size
- 0.84 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
Lee & Associates - Arizona
Listed by
John Esslinger · License #AZ SA686454000
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 2:20PM
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
Location Intelligence
Current Use by Public Records
Pizza Hut
Take-out & Catering
Similar For Sale Nearby
FAQs
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 $3,200,000.
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
