The subject property is occupied by Jiffy Lube and is operated by Griffin Fast Lube, who was Jiffy Lube's "Franchisee of the Year" in 2011. This absolute NNN lease expires on December 31, 2024. Sales Info: ■ Cap rate: 7.75% ■ Commision split: 3.0% ■ NOI: $92,400 Location Description: Located in the Denver MSA in the city of Northglenn. This dense area boasts amazing traffic counts along 120th Avenue with 73,366 vehicle's per day. The property is the pad of a multi tenant shopping center and has direct access from 120th Avenue. Highlights: ■ Tremendous Location Along 120th Avenue ■ 12.5 Years Remaining on NNN Lease ■ 10% Rent Increase in January 2015 (8.53% Cap Rate) ■ Excellent Demographics and Traffic Counts « show less
The subject property is occupied by Jiffy Lube and is operated by Griffin Fast Lube, who was Jiffy Lube's "Franchisee of the Year" in 2011. This... show more »
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