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$1,285,000
4,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $267
Subdivision Commercial
MLS Listing ID 24020720
Lot Size 0.500 Acres
Property Description
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 contiguous 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 increase
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.
Winchester, KY is a vibrant community located just 20 miles east of Lexington, offering a small-town feel with easy access to amenities.
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 increase
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.
Winchester, KY is a vibrant community located just 20 miles east of Lexington, offering a small-town feel with easy access to amenities.
Location
State KY
County Clark
Exterior
View Y/N N
Handicap Access No
Private Pool No
Others
Pool YN No
Handicap Accessible YN No
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Listed by Block + Lot Real Estate