Downtown Cody WY Retail Investment | 6% Cap

Cody, WY (Park County)

Asking Price: $2,150,000
Real Estate Details
Listed on Jan 27, 2025

Property Overview:
Prime retail investment opportunity located in the heart of Cody, Wyoming’s thriving downtown district. Sheridan Avenue offers a rare chance to acquire a fully leased, income-producing commercial property positioned on the city’s most trafficked street, just minutes from Yellowstone National Park.

The 11,762 sq ft building is currently leased to a popular local restaurant and family entertainment destination with strong, year-round foot traffic. In a predominantly seasonal market, this asset stands out for its stability and consistent rental income.

Investment Details:

Lease Term: Current lease in place through March 31, 2030.
Annual Rent Income: $150,000 ($12,500/month).
Cap Rate: 6% at asking price.
Tenant Type: Established local restaurant and brewery operator.
Lease Type: NNN structure (details available upon request).
Sale Includes: Real estate only (business, assets, and equipment not included).
Location Benefits:
Positioned directly on Sheridan Avenue, Cody’s main commercial corridor, this property benefits from unparalleled visibility and accessibility. Sheridan Avenue is the primary route for both locals and millions of tourists passing through Cody on their way to Yellowstone each year. The area is home to a vibrant mix of restaurants, retail shops, hotels, and entertainment, ensuring strong and sustained pedestrian and vehicle traffic.

The property enjoys a unique advantage in a tourism-driven economy by attracting steady local patronage—making it a true year-round revenue generator rather than a seasonal asset.

Why Invest:

Secure, long-term lease provides predictable cash flow.
Premium downtown location with high barriers to entry for new competition.
Strong tourism market combined with reliable local demand.
Ideal asset for seasoned investors seeking stable returns with minimal management.
Offered at: $2,150,000

Next Steps:
For more information, financials, or to schedule a private showing, please inquire directly. Serious buyers only; NDA may be required to release tenant lease details.

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Financials (USD)

Net Operating Income (Annual) $150,500

Asking Price $2,150,000

Cap Rate 6%

Additional Details

Street Address 1057 Sheridan Avenue

Building Area 11762.00 Square Feet

Building Class Class B Building

Year Built/Renovated 1965

Percent Occupied 100%

Deal Terms

Who is Listing the Property? Real Estate Broker

Broker Co-Op? No

Seller Financing Available? Available On Request

Seller Willing To Lease? No

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