1140 Bypass Rd | Winchester, KY 40391
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1140 Bypass Rd
Winchester, KY 40391
Sleep Outfitters · Retail Property For Sale
Investment Highlights
- Traffic signaled lot
- B-3 retail zoning
- Replaceable rental income at $18.75 PSF
- Bypass frontage
- $90K NOI, 2-year term remaining
- Tenant responsible for all property expenses
Executive Summary
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.
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 the amenities of a larger city. Positioned along I-64, it provides seamless connectivity to major interstates, making it a strategic location for businesses and residents alike. Winchester's proximity to I-75 also offers convenient routes to Cincinnati, Louisville, and beyond, enhancing its appeal for those seeking a blend of rural charm and accessibility. With its close proximity to Lexington's urban attractions, Winchester strikes a balance between quiet living and connectivity to the region's key economic hubs.
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 the amenities of a larger city. Positioned along I-64, it provides seamless connectivity to major interstates, making it a strategic location for businesses and residents alike. Winchester's proximity to I-75 also offers convenient routes to Cincinnati, Louisville, and beyond, enhancing its appeal for those seeking a blend of rural charm and accessibility. With its close proximity to Lexington's urban attractions, Winchester strikes a balance between quiet living and connectivity to the region's key economic hubs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Building Class
C
Year Built
2018
Price
£891,372
Price Per SF
£186
Net Initial Yield
8%
NOI
£71,310
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.50 AC
Zoning
B-3
Parking
12 Spaces (2.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 043-1001-00603 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £794,549 |
PROPERTY TAXES
Parcel Number
043-1001-00603
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£794,549
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