1086 S 1st St - Auto Repair FOR SALE


Bennett, CO 80102
$3,673,000 USD
415-604-4288
1086 S 1st St, Bennett, CO for Sale
$3,673,000 USD
Auto Repair - FOR SALE
1/5
null | 5.65% Cap Rate

1086 S 1st St
Bennett, CO 80102


HIGHLIGHTS

  • New 20-year absolute NNN lease to Jiffy Lube, the leading oil change & service center in the U.S. with 2,200+ locations.
  • Rare 2% annual rental increases, ideal for ensuring consistent income growth.
  • Guaranteed by Griffin Enterprises, LLC, one of Jiffy Lube’s largest franchisee’s with locations in Utah, Nevada, and Colorado
  • Griffin Enterprises is a major Jiffy Lube franchisee with over 55 locations open and operating in Colorado, Utah and Nevada.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • 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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,673,000 USD

PRICE/SF

$901 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jiffy Lube Multi-Care | Denver MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,509 SF

ZONING

-

APN/PARCEL ID

1815-34-3-03-006

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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Scott CrowleCushman & WakefieldMore Info
415-604-4288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.