Prime Downtown Cody Investment – 1057 Sheridan Ave
Fully Leased Downtown Retail Asset | 6% Cap | Stable Long-Term Income | Prime Tourist Corridor
Marketing description
Exceptional investment opportunity in the heart of downtown Cody, WY. 1057 Sheridan Ave offers a rare chance to own a fully leased commercial asset in one of the most iconic locations in the region—directly on Cody’s busiest downtown strip, just steps from Yellowstone’s gateway traffic.
The 11,762 sq ft building is home to Millstone Pizza Co. & Brewery, a popular local destination generating strong year-round traffic—a rare advantage in a traditionally seasonal market. The tenant operates under a long-term lease through March 31, 2030, providing investors with secure, predictable income at a 6% cap rate ($150,500/ year current lease = $12,500/M)
Located on a high-visibility, high-foot-traffic street with steady local, tourist, and family-driven traffic, this asset offers a powerful combination of location, stability, and upside.
Business is not for sale. Sale includes real estate only; does not include business assets, equipment, or fixtures.
Investment highlights
Prime Downtown Cody Location: Directly on Sheridan Ave, the highest-traffic street in Cody's vibrant downtown core.
Secure Long-Term Lease: Tenant lease in place through March 31, 2030.
Attractive 6% Cap Rate: Income-producing asset with minimal landlord responsibilities.
Steady Year-Round Revenue: Rare stability in a primarily seasonal tourist economy.
Iconic 11,762 SF Property: Spacious layout including restaurant, brewery, bar, and arcade.
Tenant is a Well-Established Operator: Millstone Pizza Co. is a proven, longstanding brand with local and tourist appeal.
High Pedestrian and Vehicle Traffic: Surrounded by restaurants, retail, entertainment, and lodging on Cody’s main commercial corridor.
Strong Demographic and Tourism Market: Cody is a gateway community to Yellowstone National Park, seeing millions of visitors annually.
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