1478 Lexington Ave Winchester, KY 40391
- Commercial real estate
- 709 SF
- 0.37 lot acres
Current Use by Public Records
- Rally's / Sandwich Shop / Fast Food Restaurant
Property Details for 1478 Lexington Ave
- Year built
- 1990
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.37 lot acres
- Property size
- 709 SF
- Zone code
- HIGHWAY BUSINESS
- Property type
- Commercial real estate
- APN
- 042-2007-001-01
- APU
- 42200700101
Description
This exceptional investment opportunity presents a freestanding Rally's restaurant located at 1478 W Lexington Ave, Winchester, KY 40391. Situated on a prominent corner lot at the intersection of Lexington Road and the Winchester Bypass, this Class B property boasts unparalleled visibility and high traffic counts. The 1-story, 1-building property, built in 1990 and renovated in 2022, operates under a single-tenant, 100% occupancy NNN lease. The current tenant, the owner, is offering a 10-year leaseback at $7,200 per month, providing immediate and consistent cash flow. The property is zoned B-3 and benefits from its proximity to major retailers such as Speedway and Ale 8, further enhancing its appeal and potential for long-term growth. The asking price for this sale-leaseback opportunity is $1,325,000. This is a rare chance to acquire a well-established, high-performing QSR in a prime location with a secure, long-term lease in place. The property's strong location, coupled with the established brand recognition of Rally's, makes this an attractive investment for discerning buyers seeking stable returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Clark
- State
- Kentucky
- Longitude
- -84.2093
- Latitude
- 38.0059
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
