45 Snow King AveJackson, WY 83001

Property Details for 45 Snow King Ave

Year built

2018

Lot size

0.18 AC

Property size (Sq ft)

12,636 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

41163423801000

APU

41163423801000

Description

This exceptional investment opportunity presents a 20-year Absolute NNN ground lease for a thriving StillWest Brewery and Grill in Jackson, Wyoming. Located at 45 E Snow King Ave, this 11,978 square foot property sits on a 0.36-acre lot and boasts 100% occupancy. The building, constructed in 2018, features 28 parking stalls and benefits from a strategic location just two minutes from US-191, a major thoroughfare with over 17,000 vehicles per day. The property enjoys proximity to key attractions including Snow King Resort and the Jackson Hole Ski & Snowboard Club, ensuring consistent high traffic and visibility within a highly affluent market. Average household incomes within a 10-mile radius exceed $131,800, with annual spending on food and alcohol nearing $63.4 million. Jackson Hole's robust tourism industry, attracting 2.6 million visitors annually and generating $1.7 billion in travel spending, further enhances the property's investment potential. The lease includes annual rent bumps of 2-3% and offers four, 5-year or two, 10-year renewal options at the tenant's discretion. This is a passive ownership opportunity with minimal landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The property's prime location also places it within walking distance of numerous restaurants, retail establishments, and entertainment venues, contributing to its strong market position and long-term viability. The net rentable square footage is 1,978 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,893,054

  6.5%

  $3,593,588

  7%

  $3,336,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,529,032

  Geo Method

  $2,630,846

• Alternative Use

  Use

  Valuation

  Residential

  $3,031,326

  Hospitality

  $2,776,678

  Educational

  $2,310,164

  Medical

  $2,389,614

  Retail

  $3,593,588

Location Insight

City

Jackson

County

Teton

State

Wyoming

Latitude

43.4737

Longitude

-110.761

CBSA code

27220

CBSA name

JACKSON, WY-ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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