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$1,950,000
0.32± Acres
Active
Park County, WY
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1057 Sheridan Ave, Cody, Wyoming

MLS ID: 10030843
Status: Active
Price: $1,950,000
Acres: 0.32±
Address: 1057 Sheridan Ave
City, State: Cody, WY
County: Park County
ZIP Code: 82414
Lat/Long: 44.526402, -109.066278

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.

Additional Information

Exterior

Exterior Features: Adj to Public Land, Courtyard, Landscaping, Natural Gas to Property, Sprinklers, Lighting - Exterior

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Jay Reynolds

Jay Reynolds

Cody, Wyoming

(307) 272-5177

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of August 14, 2026 at 12:00:00 AM UTC.

The data relating to real estate on this web site comes in part from the Broker Internet Data Exchange Program of the Northwest Wyoming Board of REALTORS®. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. © 2026 Multiple Listing Service of Northwest Wyoming Board of REALTORS®, Inc.

Listed By: Brenton Hayden of Remax Elevation