1140 Bypass Road, Winchester, KY 40391

$1,285,000

bedrooms

bathrooms

square feet

4,800

Acreage

0.5

Open Houses

year built

Full Baths

Half Baths

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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.

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

Driving directions

Open houses

None scheduled.

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MLS number: 24020720

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: Tuesday, March 25 2025 at 1:16 p.m. EDT

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