$1,285,000

1140 Bypass Road , Winchester, KY 40391

 
Bedrooms:0 beds
Bathrooms:0 baths
Other:4,800 sqft
Lot:0.5
Year Built:--
Listing Status:Active

Listing Agent

Gregory Leveridge
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

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.

Detailed Items

Other Information

1140 Bypass Road, Winchester, KY, 40391 is a other listing of 4,800 sqft on a lot of 0.5. This other listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1140 Bypass Road, Winchester, KY
Copyright © 2025 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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