Own a Prime Income-Generating Property on Sheridan… — Sale in Cody, WY

  • Price: $2.2M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cody, WY 82414
  • Size: 11,762 SF
  • Year built: 1965

Photos

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Investment Figures

Price per square foot
$183

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1057 Sheridan Avenue presents an opportunity to acquire a fully leased, single-tenant Triple Net (NNN) investment property located along Sheridan Avenue in the heart of downtown Cody, Wyoming. Offered at $1,950,000, the property generates a current Net Operating Income of $149,250, representing a 7.65% capitalization rate, while providing investors with predictable cash flow, limited landlord responsibilities, and contractual income growth. The property is leased to Millstone Pizza Company, an established full-service restaurant, brewery, and sports bar serving both Cody's year-round residents and the region's thriving tourism economy. Under the existing Triple Net lease, the tenant is responsible for substantially all operating expenses, including real estate taxes, building insurance, maintenance, repairs, and utilities, creating a passive ownership structure with minimal ongoing management responsibilities. At today's asking price, those contractual rent adjustments provide projected cap rates of approximately 8.66%, 9.81%, and 11.10%, assuming renewal options are exercised and property-level expenses remain substantially consistent. Whether acquired as a passive investment, a 1031 exchange replacement property, or a long-term portfolio holding, 1057 Sheridan Avenue offers immediate income, contractual rent growth, and an attractive risk-adjusted return backed by an established operating business.

Market Context

This retail in Cody, WY is listed for sale at $2,150,000 across 11,762 SF. The building dates to 1965. Compare it against other retail listings for sale in Cody, WY — view the full market.

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