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Jiffy Lube Multi-Care | Denver MSA 1086 S 1st St 4,076 SF 100% Leased Retail Building Bennett, CO 80102 $3,673,000 ($901.13/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN lease to Jiffy Lube, the leading oil change & service center in the U.S. with 2,200+ locations.
- Guaranteed by Griffin Enterprises, LLC, one of Jiffy Lube’s largest franchisee’s with locations in Utah, Nevada, and Colorado
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Rare 2% annual rental increases, ideal for ensuring consistent income growth.
- Griffin Enterprises is a major Jiffy Lube franchisee with over 55 locations open and operating in Colorado, Utah and Nevada.
- Jiffy Lube experienced a global sales increase of 6.2% and unit growth of 1.4% in 2024, with total global sales reaching $2.3 billion.
EXECUTIVE SUMMARY
Ideal Jiffy Lube setting with high visibility along South 1st Street, a primary north-south retail corridor connecting State Route 36 with Interstate 70, providing excellent accessibility.
The lease is guaranteed by Griffin Enterprises, LLC, one of Jiffy Lube’s largest franchisees, with locations across Utah, Nevada, and Colorado.
The surrounding area features strong demographics, with a fifteen-mile population of 37,770 and an average annual household income of $126,980 within one mile.
The property offers immediate access to Interstate 70, which leads directly to Downtown Denver and experiences a traffic count of 29,000 vehicles per day.
An absolute NNN lease structure provides zero management responsibilities, transferring all maintenance and expense obligations—including roof, structure, and parking lot—to the tenant.
Projected population and income growth within one-, three-, and five-mile radii over the next five years position this Jiffy Lube and the town of Bennett for steady, long-term expansion.
The lease is guaranteed by Griffin Enterprises, LLC, one of Jiffy Lube’s largest franchisees, with locations across Utah, Nevada, and Colorado.
The surrounding area features strong demographics, with a fifteen-mile population of 37,770 and an average annual household income of $126,980 within one mile.
The property offers immediate access to Interstate 70, which leads directly to Downtown Denver and experiences a traffic count of 29,000 vehicles per day.
An absolute NNN lease structure provides zero management responsibilities, transferring all maintenance and expense obligations—including roof, structure, and parking lot—to the tenant.
Projected population and income growth within one-, three-, and five-mile radii over the next five years position this Jiffy Lube and the town of Bennett for steady, long-term expansion.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,076 SF
Building Class
B
Year Built
2025
Price
$3,673,000
Price Per SF
$901.13
Cap Rate
5.65%
NOI
$207,500
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
0.91 AC
Parking
17 Spaces (4.17 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
CONTACTS
-
Scott Crowle -
Vincent Aicale -
Russell Train -
Michael Yuras -
Ryan Forsyth -
Cushman & Wakefield
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Jiffy Lube Multi-Care | Denver MSA | 1086 S 1st St
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