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Fully Leased NNN Investment – Downtown Cody 1057 Sheridan Ave 11,762 SF Retail Building Cody, WY 82414 $2,150,000 ($182.79/SF) 6% Cap Rate
Investment Highlights
- Current Tenant- Income Producing
- Prime Downtown Location
- Great Long Term Investment
Executive Summary
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.
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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,762 SF
Building Class
C
Year Built
1965
Price
$2,150,000
Price Per SF
$182.79
Cap Rate
6%
NOI
$129,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.32 AC
Zoning
D-2 - General Business
Amenities
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Property Taxes
| Parcel Number | 05000105222000 | Improvements Assessment | $53,537 |
| Land Assessment | $53,960 | Total Assessment | $107,497 |
Property Taxes
Parcel Number
05000105222000
Land Assessment
$53,960
Improvements Assessment
$53,537
Total Assessment
$107,497
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Fully Leased NNN Investment – Downtown Cody | 1057 Sheridan Ave
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