50 W BROADWAY AVENUE

Great investment opportunity at a 6.5% cap rate with room to grow. Pink Garter Building is a cornerstone of the downtown Jackson core commercial. The building is currently 4 years into a 40 year land lease with two, ten year options to extend. (60 year land lease). Land lease is transferable. Commercial tenants in place: Teton Gravity Research, Pinky G’s Pizza, The Rose, Snake River Roasters, The Whiskey Barber, Painted Lady Tattoo Parlor & Skin Care Company.Vacant Spaces- Pink Garter Theatre (8,500 sq. ft) & Basement (3,000sq. ft)Four studio residential units for Jackson workforce housing in the upstairs of the building. (approx. 1,800 sq. ft total)Currently under a 30 day right of first refusal obligation to the land owners per land lease.