Rare chance to acquire a stabilized, income-producing asset in the heart of Cody’s main street corridor. 1057 Sheridan Avenue is 100% occupied by Millstone Pizza Co. & Brewery under a long-term NNN lease, delivering predictable cash flow in a high-visibility, high-traffic location steps from downtown anchors and seasonal tourism draws.
Property Overview
Building Size: 11,762 SF
Lot Size: 14,000 SF
Year Built: 1965
Configuration: 1 story + fully finished basement (multi-level use w/ basement arcade)
Frontage: ±103’ on Sheridan Ave
Restrooms: 4
Lease & Income (Summary)
Tenant: Millstone Pizza Co. & Brewery
Structure: NNN (details upon request)
Annual Base Rent (Current): $150,000 ($12,500/mo)
Lease Expiration: March 31, 2030
Quoted Cap Rate: 6%
Stability: Fully leased with established operator
Investment Highlights
Main-and-Main Location: Directly on Sheridan Avenue, Cody’s highest-traffic retail/restaurant corridor with strong pedestrian and vehicle counts.
Tourism + Local Demand: Reliable year-round local revenue, supercharged by peak-season tourism; Cody sits ±50 miles from Yellowstone National Park.
Recognized Tenant: Popular family-friendly concept drawing locals and visitors with a proven, diversified revenue model (restaurant + arcade).
Hands-Off Ownership: NNN lease structure minimizes landlord responsibilities and supports consistent, forecastable cash flow through 2030.
High Visibility: Broad storefront presence and signage on a marquee downtown block.
Additional Notes
Sale is real estate only. The business, equipment, furniture, fixtures, and arcade games are not included.
Buyers should independently verify all income/expense figures and lease terms. An NDA may be required to access tenant documents.