1095 South Main Street

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1095 South Main Street

Smithfield, UT 84335
Asking Price
$4.13M
Cap Rate
5.65%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

New 20 YR Absolute NNN Lease | Nearby Utah State University ( 22,000 students) <ul><li>​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.</li><li>​Rare 2% annual rental increases, ideal for ensuring consistent income growth.</li><li>​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 Griffin Enterprises, Inc. backed by all current and future units.</li><li>​Tenant covers all taxes, insurance, an

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NOI
$80,000
Cap Rate
1.94%
DSCR
0.33
Underwater
Cash-on-Cash
-13.33%
Monthly Payment
$20,428.039
Annual Cash Flow
$-165,136.47

Location & Travel Times