Rare opportunity to acquire a fully leased investment property in the heart of Cody, Wyoming’s vibrant downtown core. 1057 Sheridan Avenue offers investors a secure income stream backed by a long-term lease with Millstone Pizza Co. & Brewery, a well-established local operator with strong brand recognition and consistent year-round traffic.
Property Overview:
Total Building Size: 11,762 SF
Lot Size: 14,000 SF
Year Built: 1965
Stories: 1 (with a fully finished basement)
Restrooms: 4
Levels: Multi-level (main floor + basement arcade)
Lease Details:
Tenant: Millstone Pizza Co. & Brewery
Annual Rental Income: $150,000 ($12,500/month)
Lease Expiration: March 31, 2030
Cap Rate: 6%
Lease Type: NNN (Details available upon request)
Investment Highlights:
Prime Downtown Location: Positioned directly on Sheridan Avenue, the highest-traffic street in Cody’s business district.
Steady Year-Round Revenue: A strong local customer base combined with heavy summer tourism drives reliable income, even during off-peak seasons.
Established Tenant: Millstone Pizza Co. & Brewery is a recognized name, drawing families, tourists, and locals with a proven business model.
Minimal Management Requirements: Secure lease structure with stable, predictable cash flow through 2030.
Proximity to Major Attractions: Cody is a premier destination located just 50 miles from Yellowstone National Park, attracting millions of annual visitors.
High Visibility and Access: Property features 103 feet of frontage on Sheridan Avenue with excellent pedestrian and vehicle traffic.
Additional Information:
This offering is for the real estate only. Sale does not include the operating business, equipment, furniture, fixtures, or arcade games.
Buyers must independently verify all financials and lease details. NDA may be required for access to tenant lease documents.
Asking Price: $2,150,000
Contact Brenton Hayden, RE/MAX Elevation, for further details or to schedule a private showing.