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720 S Broadway
Cortez, CO 81321
Jiffy Lube · Retail Property For Sale
Investment Highlights
- Positioned along S Broadway St (12,000 VPD), Cortez’s primary retail and service corridor
- Scheduled ~16.00% rental increases throughout each option provides embedded NOI growth
- Lubricar, Inc., an authorized Jiffy Lube franchisee, employs 400+ employees at 40 locations
- Absolute triple-net (NNN) lease structure with no landlord responsibilities
- Recently exercised option extends lease through 2031 with ability to extend for an additional 15 years
- Cortez serves as the economic, healthcare, and retail center for Montezuma County and the surrounding Four Corners region
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,320 SF
Building Class
C
Year Built/Renovated
1984/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.29 AC
Zoning
C
Parking
7 Spaces (5.3 Spaces per 1,000 SF Leased)
Frontage
124’ on South Broadway
Property Taxes
| Parcel Number | R010543 | Improvements Assessment | $47,062 |
| Land Assessment | $21,980 | Total Assessment | $69,042 |
Property Taxes
Parcel Number
R010543
Land Assessment
$21,980
Improvements Assessment
$47,062
Total Assessment
$69,042
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