1057 Sheridan Ave - Restaurant FOR SALE


Cody, WY 82414
$2,150,000 USD
305-363-1234
1057 Sheridan Ave, Cody, WY for Sale
$2,150,000 USD
Restaurant - FOR SALE
1/46
null | 6% Cap Rate

1057 Sheridan Ave
Cody, WY 82414


HIGHLIGHTS

  • Current Tenant- Income Producing
  • Great Long Term Investment
  • Prime Downtown Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased NNN Investment – Downtown Cody

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

D-2

APN/PARCEL ID

05000105222000

ASK ABOUT THIS PROPERTY

Brenton HaydenRE/MAX ElevationMore Info
305-363-1234

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Brenton HaydenRE/MAX ElevationMore Info
305-363-1234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.