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1902 MOUNTAIN VIEW DR Cody WY 82414-4931

[Locked] • APN 05520106213002

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Details
Property Type Retail
Sub Type QSR/Fast Food
Building SqFt 3,754
Lot SqFt 40,000
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code D-2
Year Built 1988
Building Count 1
Opportunity Zone Yes
Lease Type ******
Remaining Term ******
Lease Expiration ******

Property History

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Property Type
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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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
HW
Hank Wolfer PRO
•••.•••.2495
•••lfer@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
AL
Adam Lewis
•••.•••.2000
••••.•ewis@•••••••••••••••.com
Brokerage logo

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