1902 MOUNTAIN VIEW DR Cody WY 82414-4931 APN: 05520106213002

Property History

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Property Type

Mixed Use, Retail, Office

Property Subtype

Bar, Convenience Store, Storefront, Executive Office, Traditional Office, Restaurant

Asking Details

Asking Price

$1,295,000

Marketing Description

This exceptional commercial investment opportunity offers outstanding visibility and accessibility in one of Wyoming’s premier tourism markets. Situated on approximately 0.92 acres, the property features a 3,754-square-foot commercial building with a functional drive-thru, dual access points from separate streets, and extensive parking to accommodate passenger vehicles, buses, and trailers. The kitchen is fully equipped with stainless appliances, offering flexibility for a variety of commercial uses. Formerly operated as a fast-food restaurant, the property is well-suited for a variety of uses including retail, restaurant, or other commercial ventures. Ideally located near Yellowstone Regional Airport, this property enjoys a strategic position along one of Cody's primary commercial corridors. Adjacent to a well-known campground and just minutes from Beck Lake, the site benefits from both local and visitor traffic year-round. Plus, with Yellowstone National Park less than an hour away, this location offers exceptional exposure in one of the region's most active tourism markets. Wyoming's business-friendly environment, including no state income tax, further enhances the property's investment appeal. Whether you're a local entrepreneur, expanding operator, or out-of-state investor, this versatile commercial property presents a great opportunity in a high-visibility location with strong potential for future growth.

Property Type

Retail

Property Subtype

QSR/Fast Food

Marketing Description

Marcus & Millichap is proud to offer for sale the fee simple ownership in the only Burger King located in Cody, Wyoming. Burger King signed an absolute NNN lease (zero landlord responsibility of any kind) in 2013 that has an expiration date of June 29, 2034 and includes scheduled rental escalations every five years. The franchisee on the lease is HR Restaurants, LC which is a subsidiary of Meridian Restaurants which operates 119 restaurants including Burger King and Black Bear Diner. Meridian was founded in 2002 and is headquartered in Utah and operates restaurants in ten different states including Wyoming, Idaho, Montana, Utah, Nebraska, Kansas, Minnesota, North Dakota and South Dakota.

The site is ideally located along US Highway 14 with great traffic visibility and is the first commercial restaurant/retail property a visitor sees as they leave the Yellowstone Regional Airport and drive west into downtown Cody. Highway 14 has an eastern terminus of Chicago with its western terminus as the east entrance of Yellowstone National Park. Yellowstone Regional Airport is the year-round aviation gate-way to Yellowstone National Park.

Cody, Wyoming is the county seat of Park County and is located approximately 60 miles east from Yellowstone National Park’s east entrance. Cody is a thriving community focused on serving the needs of the stable population base as well as the hundreds of thousands of annual visitors who travel from around the world to experience the beauty and culture of this mountainous area. Cody was founded by Colonel William F. "Buffalo Bill" Cody, who passed through the region in the 1870s. He was so impressed by the many development possibilities that he returned in the mid-1890s to start a town.

Investment Highlights

Absolute NNN Lease with Scheduled Rent Bumps Through June 2034
Operated by Franchisee with 119 Restaurants (Burger King & Black Bear Diner) in 10 States
Highway 14 Frontage Location – First Commercial/Restaurant Property Upon Leaving the Yellowstone Regional Airport and Travelling West Into Downtown Cody
Other National Retailers Nearby in Cody Include Walmart, Tractor Supply, McDonald’s, Albertsons, AutoZone, Walgreens, and Dollar Tree
Cody is the Gateway Community for the Popular East Entrance to Yellowstone National Park

Loan History

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Financial History

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Tax History

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Contact Information

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