1120-1140 Bypass Road, Winchester KY 40391

$1,680,000

1120-1140 Bypass Road, Winchester, KY 40391

bedrooms

bathrooms

square feet

Acreage

0.98

Open Houses

year built

Full Baths

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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.

Location
Subdivision	Commercial
County	Clark
Elementary School	-
Middle School	-
High School	-

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MLS number: 24020722

Listing agent: Gregory Leveridge

Listing broker: Block + Lot Real Estate 3090099

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. [source]

Last update: Thursday, January 23 2025 at 5:49 p.m. EST

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