1120-1140 Bypass Rd Winchester, KY 40391

Property Details for 1120-1140 Bypass Rd

Lot size

0.98 lot acres

Property type

Commercial real estate

Description

This exceptional Winchester, KY commercial property presents a unique investment opportunity encompassing two contiguous parcels totaling 0.98 acres at 1120-1140 Bypass Road. The property offers a compelling blend of immediate income generation and significant development potential. One parcel houses Sleep Outfitters, a well-established tenant under a lease extending to March 31, 2031, providing a stable income stream. This lease boasts a 7% cap rate based on 2025 rent, increasing to 7.35% effective April 2026 following a scheduled rent increase. The current net operating income (NOI) is $90,000 in 2025, projected to rise to $94,000 in April 2026. The adjacent vacant lot at 1120 Bypass Road presents a prime opportunity for development, with the existing Sleep Outfitters lease potentially offsetting development costs. The seller is open to selling the properties individually or together, providing flexibility for various investment strategies. This prime location sits along Winchester's Bypass Road, strategically positioned between major retail anchors Kroger and Walmart, ensuring high visibility and accessibility within the Lexington-Fayette Kentucky Metropolitan Statistical Area. Winchester serves as the county seat of Clark County, Kentucky. Detailed lease information is available upon request. This is an ideal opportunity for investors seeking a blend of immediate return and long-term growth potential.

Location Insight

City

Winchester

County

Clark

State

Kentucky

Longitude

-84.2141

Latitude

37.9981