For Sale
$1,680,000

1120-1140 Bypass RdWinchester, KY 40391

High-yield commercial property with strong tenant.

Overview

Added:
Feb 3
Days on market:
65
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.

Property Details for 1120-1140 Bypass Rd

Property type
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Winchester
County
Clark
State
Kentucky
Latitude
37.99805
Longitude
-84.21411
1120-1140 Bypass Rd, Winchester, Kentucky

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1120-1140 Bypass Rd
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