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$ 1,680,000
Active
1120-1140 Bypass Road Winchester, KY 40391
0.98 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Commercial
MLS Listing ID 24020722
Lot Size 0.980 Acres
Property Description
This unique offering can combine both properties into one sale as they are contiguous properties and owned by the same seller. Would be an effective way for a developer to acquire the 1140 Bypass Rd. property as an investment property, providing in-place income from Sleep Outfitters to help offset the development costs of the 1120 Bypass Rd. vacant lot.
The seller is entirely open to independent sales of the two properties, or a collective sale. Contact agent for more details on the Sleep Outfitters Lease, and other questions.
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.
The seller is entirely open to independent sales of the two properties, or a collective sale. Contact agent for more details on the Sleep Outfitters Lease, and other questions.
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.
Location
State KY
County Clark
Exterior
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Listed by Block + Lot Real Estate