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Jiffy Lube 1330 Cedar St 2,400 SF Retail Building Helena, MT 59601 $1,980,000 ($825/SF) 6% Cap Rate
Investment Highlights
- LONG-TERM LEASE: 12-year absolute NNN lease with passive income and scheduled rent increases.
- CLEAN ENVIRONMENTAL: 2021 Phase I ESA found no issues; tenant is responsible for all remediation and capital items, minimizing owner risk.
- ESTABLISHED LOCATION: High-traffic Cedar Street corridor with direct I-15 access; operating successfully since 2017.
- NO LANDLORD RESPONSIBILITIES: Absolute NNN—tenant covers taxes, insurance, and all maintenance.
- ESSENTIAL SERVICE TENANT: Jiffy Lube operated by a strong regional franchisee (The Foster Group, 9 units in MT & ID).
- TAX POSITION: Significant cost-segregation potential with eligibility for 100% bonus depreciation to enhance year-one after-tax returns.
Executive Summary
Northmarq is pleased to present the exclusive opportunity to acquire 1330 Cedar Street, an absolute NNN Jiffy Lube investment located along one of Helena’s primary commercial corridors. The Property comprises approximately 2,400 square feet of building area on ±0.45 acres, offering exceptional visibility, convenient access, and proximity to major retail anchors and national brands.
The asset is operated by The Foster Group, Inc., one of Montana’s largest and most successful Jiffy Lube franchisees with 9 locations across Montana and Idaho. The lease features 12 years of remaining term, providing investors with a stable and predictable income stream backed by a proven operator.
Strategically positioned less than 1 mile from Interstate 15 and 2 miles from downtown Helena, the property benefits from consistent daily traffic counts of 21,181 VPD and strong local demographics supported by the state’s capital city economy. Average household income within 5 miles is $104,920. Nearby retailers include Safeway, Walmart, Home Depot, Murdoch’s, and Albertsons, driving cross-shopping and sustained consumer activity.
With its absolute NNN lease, essential-service tenancy, and central location in one of Montana’s most stable and government-backed markets, this property presents an attractive opportunity for investors seeking durable cash flow and minimal management responsibilities.
The asset is operated by The Foster Group, Inc., one of Montana’s largest and most successful Jiffy Lube franchisees with 9 locations across Montana and Idaho. The lease features 12 years of remaining term, providing investors with a stable and predictable income stream backed by a proven operator.
Strategically positioned less than 1 mile from Interstate 15 and 2 miles from downtown Helena, the property benefits from consistent daily traffic counts of 21,181 VPD and strong local demographics supported by the state’s capital city economy. Average household income within 5 miles is $104,920. Nearby retailers include Safeway, Walmart, Home Depot, Murdoch’s, and Albertsons, driving cross-shopping and sustained consumer activity.
With its absolute NNN lease, essential-service tenancy, and central location in one of Montana’s most stable and government-backed markets, this property presents an attractive opportunity for investors seeking durable cash flow and minimal management responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,400 SF
Building Class
C
Year Built
1990
Price
$1,980,000
Price Per SF
$825
Cap Rate
6%
NOI
$118,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.45 AC
Zoning
B-2 General Commercial
Frontage
150’ on Cedar Street
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-1888-20-3-27-06-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $649,298 |
Property Taxes
Parcel Number
05-1888-20-3-27-06-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$649,298
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Jiffy Lube | 1330 Cedar St
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