1140 Bypass Rd - Storefront FOR SALE


Winchester, KY 40391
$1,285,000 USD
859-421-8959
1140 Bypass Rd, Winchester, KY for Sale
$1,285,000 USD
Storefront - FOR SALE
1/14
null | 7% Cap Rate

1140 Bypass Rd
Winchester, KY 40391


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

OVERVIEW

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. 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 the amenities of a larger city. Positioned along I-64, it provides seamless connectivity to major interstates, making it a strategic location for businesses and residents alike. Winchester's proximity to I-75 also offers convenient routes to Cincinnati, Louisville, and beyond, enhancing its appeal for those seeking a blend of rural charm and accessibility. With its close proximity to Lexington's urban attractions, Winchester strikes a balance between quiet living and connectivity to the region's key economic hubs.

FOR SALE DETAILS

PRICE

$1,285,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Outfitters

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

B-3

APN/PARCEL ID

043-1001-00603

ASK ABOUT THIS PROPERTY

Greg LeveridgeBlock + Lot Real EstateMore Info
859-421-8959

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Greg LeveridgeBlock + Lot Real EstateMore Info
859-421-8959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.