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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
- Cortez serves as the economic, healthcare, and retail center for Montezuma County and the surrounding Four Corners region
- Absolute triple-net (NNN) lease structure with no landlord responsibilities
- Operated Lubricar, Inc., an authorized Jiffy Lube franchisee, employs 400+ employees at 40 locations, demonstrating operational scale and depth
Executive Summary
Blue West Capital is pleased to exclusively present the opportunity to acquire a single-tenant Jiffy Lube Multicare located at 720 S Broadway in Cortez, Colorado. The property operates on an absolute NNN lease with zero landlord responsibilities. The property is leased to Lubricar, Inc., an established Jiffy Lube franchisee that operates 40 fast oil locations throughout the southwest and employs over 400 employees.
The subject property is positioned within Cortez’s primary commercial corridor, serving as the dominant retail and service artery for Montezuma County and surrounding rural communities. The site benefits from strong visibility, direct access, and proximity to surrounding residential neighborhoods that generate consistent local traffic. The property features frontage along S Broadway (12,000 VPD), surrounded by national retailers, service providers, and daily-needs uses, making it a natural location for convenience-driven automotive services.
The subject property is positioned within Cortez’s primary commercial corridor, serving as the dominant retail and service artery for Montezuma County and surrounding rural communities. The site benefits from strong visibility, direct access, and proximity to surrounding residential neighborhoods that generate consistent local traffic. The property features frontage along S Broadway (12,000 VPD), surrounded by national retailers, service providers, and daily-needs uses, making it a natural location for convenience-driven automotive services.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,320 SF
Building Class
C
Year Built
1984
Price
$1,210,000
Price Per SF
$916.67
Cap Rate
5.75%
NOI
$69,575
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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