1120 - 1140 Bypass Road Collective 2 Properties Offered at $1,680,000 in Winchester, KY
INVESTMENT HIGHLIGHTS
- Sleep Outfitters just signed an extension, taking this lease term out to March 31, 2031.
- 7% cap rate at 2025’s rent, 7.35% effective April 2026 upon rent increase
- 6 years of term remaining
- $90K NOI 2025, $94K NOI effective April 2026 upon rent increase
EXECUTIVE SUMMARY
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.
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.
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.
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.
PROPERTY FACTS
| Price | $1,680,000 |
| Price / SF | $350.00 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 4,800 SF |
| Total Land Area | 0.98 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Sleep Outfitters
1140 Bypass Rd, Winchester, KY 40391 |
Retail | 4,800 SF | 2018 | $1,285,000 |
|
1120 Bypass Road
1120 Bypass Road, Winchester, KY 40391 |
Land | 0.48 AC | - | $395,000 |
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