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1101 S Main St 3,927 SF 28% Leased Retail Building Smithfield, UT 84335 $4,129,000 ($1,051.44/SF) 5.65% Cap Rate
Investment Highlights
- New 20-year absolute NNN lease to Jiffy Lube Multi-Care, the leading oil change & service center in the U.S. with 2,200+ locations.
- The tenant is the premier Jiffy Lube Multi-Care operator in the U.S. ranked 2nd by number of units (60+) in CO, NV, and UT. Full Guaranty of lease by
- Jiffy Lube Multi-Care has sustained a pace of 2–3 new locations per month in expansion cycles, equating to approximately 24–36 new units annually.
- Rare 2% annual rental increases, ideal for ensuring consistent income growth.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Jiffy Lube Multi-Care’s growth in 2026 is supported by a larger, growing U.S. automotive service market and aging vehicle fleet.
Executive Summary
This Jiffy Lube Multi-Care property offers an exceptional investment opportunity in a high-visibility location along Main Street, Smithfield’s primary north-south retail corridor that connects the city center to Logan. The site benefits from excellent accessibility with over 36,000 vehicles per day (AADT) and immediate access to U.S. Route 91, a major regional thoroughfare through Utah’s Cache Valley.
The property is leased to Griffin Enterprises, LLC, one of Jiffy Lube Multi-Care’s largest and most established franchise operators with locations in Utah, Nevada, and Colorado, ensuring strong and reliable tenancy. The absolute triple-net (NNN) lease structure eliminates landlord responsibilities for roof, structure, and parking lot, making this a truly passive investment.
Located within a vibrant and growing trade area, the property serves a population of 60,224 within a five-mile radius, reflecting a 37% increase since 2010, and an average household income of $130,270 within three miles. The region continues to experience significant population and income growth projections over the next five years. Additionally, it is situated just five miles from Utah State University, home to over 22,000 students and 12,000 employees, contributing to a $2.2 billion annual economic impact.
This strategic combination of a prime location, creditworthy tenant, and strong demographic trends positions this Jiffy Lube Multi-Care as a stable, long-term investment with minimal management responsibilities.
The property is leased to Griffin Enterprises, LLC, one of Jiffy Lube Multi-Care’s largest and most established franchise operators with locations in Utah, Nevada, and Colorado, ensuring strong and reliable tenancy. The absolute triple-net (NNN) lease structure eliminates landlord responsibilities for roof, structure, and parking lot, making this a truly passive investment.
Located within a vibrant and growing trade area, the property serves a population of 60,224 within a five-mile radius, reflecting a 37% increase since 2010, and an average household income of $130,270 within three miles. The region continues to experience significant population and income growth projections over the next five years. Additionally, it is situated just five miles from Utah State University, home to over 22,000 students and 12,000 employees, contributing to a $2.2 billion annual economic impact.
This strategic combination of a prime location, creditworthy tenant, and strong demographic trends positions this Jiffy Lube Multi-Care as a stable, long-term investment with minimal management responsibilities.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,927 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$4,129,000
Price Per SF
$1,051.44
Cap Rate
5.65%
NOI
$233,250
Percent Leased
28%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.59 AC
Zoning
C - Commercial Zoning
Parking
12 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
152’ on Main Street
Amenities
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Drive Thru
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200-2,839 SF | Retail | - | Oct 2026 |
1st Floor
| Size |
| 1,200-2,839 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Oct 2026 |
1st Floor
| Size | 1,200-2,839 SF |
| Space Use | Retail |
| Position | - |
| Available | Oct 2026 |
Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 04-006-0001 | Improvements Assessment | $0 |
| Land Assessment | $1,119,056 | Total Assessment | $1,119,056 |
Property Taxes
Parcel Number
04-006-0001
Land Assessment
$1,119,056
Improvements Assessment
$0
Total Assessment
$1,119,056
Contacts
-
Scott Crowle -
Russell Train -
Michael Yuras -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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1101 S Main St
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