Active
1140 Bypass Road
Winchester KY, 40391
$1,285,000
$267.71 per sqft
Active
4,800 sqft
Commercial
Listed by Gregory Leveridge with Block + Lot Real Estate
Rarely available Bypass frontage property at signaled corner for sale! This offering is already subdivided as a 0.50-acre lot and can be sold as such with the Sleep Outfitters tenancy and lease in place, or in conjunction with the adjacent property at 1120 Bypass Road that is 0.48 acres of contiguous land.
Property Highlights:
-Sleep Outfitters just signed an extension, taking this lease term out to March 31, 2031.
-6 years of term remaining
-7% cap rate at 2025's rent, 7.35% effective April 2026 upon rent increase
-$90K NOI 2025, $94K NOI effective April 2026 upon rent increase
Ideally located along the heart of Bypass Road in Winchester, Kentucky between Kroger and Walmart Shopping Centers.
Winchester, Kentucky is the county seat of Clark County, Kentucky and is part of the Lexington-Fayette Kentucky Metropolitan Statistical Area. It is supported by such industries as Clark Regional Medical Center, Ale-8-One, and Catalent Pharmaceuticals.
Winchester, KY is a vibrant community located just 20 miles east of Lexington, offering a small-town feel with easy access to amenities.
24020720
MLSⓇ ID
January 21, 2025
Listed
January 23, 2025
Updated
Map
1140 Bypass Road
Winchester KY, 40391
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.5 Acres
Other Property Details
Area Name
007 - Clark County
Days on Market
85
Garage
No
View
No
County
Clark
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
1/23/2025 | Price change | $1,285,000 14% |
1/21/2025 | Active | — |
Listing Contact:
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Data last updated on 1/23/2025 at 7:38 PM UTC