4708 S 48TH ST, PHOENIX, AZ 85040-8870

Lee & Associates is pleased to present an opportunity to acquire a freestanding, dark Pizza Hut drive-thru asset located at 4708 S. 48th Street in Phoenix, Arizona. Although Pizza Hut vacated the property on June 1, 2026, the tenant remains obligated and is currently fulfilling the lease obligations. Pizza Hut has approximately 5.56 years of remaining lease term, with the current term scheduled to expire on February 23, 2032. The lease is structured as an absolute NNN-style lease, with Tenant responsible for real estate taxes, CAM/CC&R charges, insurance, utilities, and broad maintenance obligations, including the building, roof, structure, systems, and related property components.

The property consists of a ±3,752 SF freestanding drive-thru building on approximately ±0.84 acres, with abundant parking, multiple access points, and strong visibility along 48th Street, which sees almost 80,000 vehicles per day. The asset sits in a dense South Phoenix office and industrial trade area with significant daytime population and immediate access to major transportation corridors including I-10, Loop 202, and SR-143. The combination of remaining lease income, tenant go-dark obligations, and flexible real estate fundamentals creates a compelling investment opportunity with future repositioning or owner-user potential.