1101 S Main St - Freestanding FOR SALE


Smithfield, UT 84335
$4,129,000 USD
415-604-4288
1101 S Main St, Smithfield, UT for Sale
$4,129,000 USD
Freestanding - FOR SALE
1/7
null | 5.65% Cap Rate

1101 S Main St
Smithfield, UT 84335


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.
  • Rare 2% annual rental increases, ideal for ensuring consistent income growth.
  • 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
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • 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.
  • Jiffy Lube Multi-Care’s growth in 2026 is supported by a larger, growing U.S. automotive service market and aging vehicle fleet.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,129,000 USD

PRICE/SF

$1,051 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C

APN/PARCEL ID

04-006-0001

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.