This prime investment opportunity is located on Cody's renowned Sheridan Avenue, a high-visibility and high-traffic area in the heart of downtown. The property, currently leased to Millstone—a popular local restaurant and brewery—generates stable rental income of $11,139/month ($133,673 annually). The lease is set to renew by March 1, 2025, with a proposed new 5-year term offering increased rental income of $164,000 to $169,000 annually. The tenant has a strong history of retention and is highly likely to renew, providing a secure and reliable income stream for investors. The 11,762 sq. ft. building, situated on a 14,000 sq. ft. lot, is fully equipped with a restaurant liquor license and is perfectly positioned to benefit from the vibrant downtown Cody atmosphere and year-round tourist traffic to Yellowstone National Park. This property offers a projected future cap rate of 6.53%, making it a compelling choice for landlords and investors seeking a hands-off, income-producing asset. Please note: The sale includes the real estate only; the business, assets, and equipment are excluded. Contact us for more information or to schedule a private showing!