1140 Bypass Road Winchester, KY 40391

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 contiguou...s 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 increaseIdeally 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. Continue reading