Jiffy Lube | Logan, UT MSA
New 20 YR Absolute NNN Lease | Nearby Utah State University ( 22,000 students)
Marketing description
» Ideal Jiffy Lube Multi-Care Setting: High-visibility location along Main Street, a primary north-south retail thoroughfare connecting the center of Smithfield to the center of Logan, allowing for ideal accessibility (36,000+ AADT).
» Reliable Tenancy: Guaranteed by Griffin Enterprises, LLC, one of Jiffy Lube Multi-Care’s largest franchisee’s with locations in Utah, Nevada, and Colorado.
» Robust Demographic Base: The five-mile radius serves a populous region of 60,224 (37% increase since 2010), with a robust average annual household income of $130,270 within three miles.
» U.S. Route Location: Property features immediate access to U.S. Route 91, a major regional connector through Utah’s Cache Valley.
» Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
» Growing Smithfield Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Jiffy Lube Multi-Care and Smithfield for steady concurrent growth.
» Utah State University: Located five miles from Utah State University
(22,488 enrollment, 12,000+ employees, $2.2B annual economic impact).Griffin Enterprises is a major Jiffy Lube-Multi-Care franchisee operating under the name Griffin Fast Lube Multi-Care, with a presence in Colorado, Utah, and Nevada. The company is owned by Dave and Joye Griffin and has expanded significantly since 1999, currently running around 55-60 Jiffy Lube Multi-Care locations, making it one of the largest Jiffy Lube Multi-Care franchise operators in the US. Griffin Enterprises has earned recognition within the Jiffy Lube Multi-Care system, including awards for franchise operations and a reputation for leadership in testing new services and programs.
Smithfield, Utah continues to demonstrate steady and resilient economic activity, supported by its strategic location in Cache Valley and close proximity to Logan, Utah. The city benefits from strong regional connectivity, allowing local businesses to access a broader customer base while maintaining a small-town environment. Ongoing residential growth has fueled demand for retail, healthcare, and service-oriented businesses, creating a balanced and sustainable local economy that continues to attract both families and employers.
Investment 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 Griffin Enterprises, Inc. backed by all current and future units.
- 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, supporting system-wide sales growth.
- Jiffy Lube Multi-Care's growth in 2026 is supported by a larger, growing U.S. automotive service market and aging vehicle fleet.
- High-visibility location along Main Street, a primary north-south retail thoroughfare connecting the center of Smithfield to the center of Logan, allowing for ideal accessibility (36,000+ AADT).
- Property features immediate access to U.S. Route 91, a major regional connector through Utah's Cache Valley.
- Surrounded by a strong mix of local and national retailers that drive Smithfield's primary economic activity, including Dollar Tree, Arby's, O'Reilly Auto, Zions Bank, ACE Hardware, Wendy's, and many more.
- Four miles from Logan-Cache airport (70,000+ aircraft operations in 2025).
- Located five miles from Utah State University (22,488 enrollment, 12,000+ employees, $2.2B annual economic impact).
- 60,224 residents live within fifteen miles of the property, marking a 37% increase since 2010.
- Robust average annual household income of $130,270 within a three-mile radius of the property.
- Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Jiffy Lube Multi-Care and Smithfield for steady concurrent growth.
- Five miles from Downtown Logan, allowing the site to capture significant commuter traffic (52,000+ population).
- This deal has six bays and offers a range of auto related services - so profits per square foot are high for a sector where profit margins are already healthy (unlike QSR). Full-service auto-repair.2026 construction built to the latest Jiffy Lube prototype.
- Efficient .59-acre parcel offers ample parking and easy ingress/egress, catering to high-traffic operations.
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