Property History
Property Type
Property Type
Property Subtype
Marketing Description
Sands Investment Group is Pleased to Present Exclusively For Sale the 1,757 SF Jiffy Lube Located at 3003 N Nevada Avenue in Colorado Springs, Colorado. This Deal Includes a Brand New Lease Extension Signed in 2022 With Long Operating Tenant, and 2% Annual Rent Increases That Serves as an Effective Hedge Against Inflation, Providing For a Secured Investment.
Investment Highlights
- Modified NN Lease With Minimal Landlord Responsibility Required
- 2% Annual Rent Increases Serve as an Effective Hedge Against Inflation
- Brand New Lease Extension Signed in 2022 With Long Operating Tenant
- Well Established Guarantor, Griffin Fast Lube, Backs the Lease With Over 75 Locations
- Excellent Positioning, Located at the Hard Corner of an Intersection That Sees 37,921 VPD (2022)
- Strong Demographics in the Highly Coveted Colorado Springs Submarket, With a 5-Mile Population of 257,528 Residents
- Accessibility From Both Primary Transit Corridor N Nevada Avenue and Cross Street E Fillmore Street
- Nearby Tenants Include: Costco, Advance Auto Parts, Starbucks, Walgreens and Many More
Property Type
Property Type
Asking Details
Asking Cap Rate
Marketing Description
Jiffy Lube International, Inc. (“Jiffy Lube”), with more than 2,000 franchised service centers in North America, serves approximately 20 million customers each year. Jiffy Lube pioneered the fast oil change industry in 1979 by establishing the first drive-through service bay, providing customers with fast, professional service for their vehicles. More than 20,000 technicians who have completed an extensive training program certified by the National Institute Automotive Service Excellence (ASE) nurse vehicles at Jiffy Lube.
Griffin Fast Lube, LLC operates as a franchisee of Jiffy Lube International. The company offers vehicle maintenance and repair services. The company operates 50 Jiffy Lube service centers in Utah, Nevada, and Colorado. The company was founded in 1999 and is based in Ogden, Utah.
Griffin Fast Lube, LLC operates as a franchisee of Jiffy Lube International. The company offers vehicle maintenance and repair services. The company operates 50 Jiffy Lube service centers in Utah, Nevada, and Colorado. The company was founded in 1999 and is based in Ogden, Utah.
Investment Highlights
- ~4 Years Remaining on a Modified NN Lease
- The Tenant of this Location, Jiffy Fast Lube Colorado Springs LLC, is a Subsidiary of Griffin Fast Lube Inc. a Franchisee that Operates 50 Jiffy Lube Service Centers in Utah, Nevada and Colorado
- Dense Population of 250,983 Within a 5-Mile Radius
- Annual Average Daily Traffic Count of Over 32,000
- Located 0.9 Miles Away from I-25 with a Traffic Count of 128,000 AADT
- 7 Minutes to Downtown Colorado Springs, which Includes Monument Valley Park, Pikes Peak Railway, Shopping and Eateries
- Major Tenants Nearby Include: Walgreens, McDonald’s, Sonic, Arby’s, Jimmy John’s, Subway, Taco Bell, Burger King, Little Caesars, Cricket Wireless, T-Mobile, K-Mart, Advance Auto Parts, AutoZone and More
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Corp Indicator
Buyer Borrower 1 Name
Buyer Borrower 1 Relationship Type
Document Number
Document Type
Resale Flag
Sales Price Code
Transaction Type
Seller 1 Name
Transfer Tax
Sold By
Sold To
Loan History
Financial History
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Zoning
MX-L MixedMixed UseMixed Use Large Scale
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 157 uses
View all 157 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Sold on
BY:
Max Freedman PRO
•••.•••.2711
max@•••••••.com
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
