50 Broadway AveJackson, WY 83001

For Sale
$20,700,000

Prime Town Square storefront, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional two-story, 15,246 square foot Class A storefront at 50 E Broadway Ave in Jackson, Wyoming, presents a rare investment opportunity. Located in the heart of Jackson Hole's Town Square, this property boasts a highly desirable location within a thriving retail corridor experiencing approximately 15,000 vehicles daily and a Walker's Paradise score of 93. The building, originally constructed in 1628 and extensively renovated in 1997, is currently under a single-tenant, net-lease agreement with a remaining term of 4.7 years (expiring August 6, 2029). The property features 14,562 square feet of net rentable space, generating a substantial net operating income (NOI) of $970,000 and a 4.69% cap rate. The asking price is $20,700,000, translating to $1,357.73 per square foot. This cornerstone property benefits from a high net worth demographic, with a local average per capita income of $406,054, and the significant annual tourist spending of $1.7 billion. The 0.17-acre lot is zoned Town Square 1 and offers unparalleled visibility and pedestrian traffic. This is a low-management, highly maintained asset in excellent condition, representing a unique chance to acquire a prime retail space in one of the most sought-after locations in Jackson Hole. The property's proximity to numerous restaurants and amenities further enhances its appeal.

Highlights

  • $20.7M asking price for a Class A, 15,246 SF retail storefront in Jackson, WY.
  • Single-tenant, NNN lease with 4.7 years remaining (commencing 8/6/2024).
  • 4.69% cap rate, $970,000 NOI.
  • Located in Jackson Hole's Town Square, high-traffic area with strong pedestrian and vehicle visibility.
  • Fully renovated in 1997, excellent condition.
  • High-income demographic; $406,054 average per capita income and $1.7B in annual visitor spending.

Property Details for 50 Broadway Ave

Property type
Other retail properties, Individual retail properties
Square Feet
15,246 SF
Class
A
Year Built/Renovated
1628/1997
Buildings
1
Stories
2
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Jackson
County
Teton
State
Wyoming
Latitude
43.4794589
Longitude
-110.761372
50 Broadway Ave, Jackson, Wyoming

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50 Broadway Ave
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