Description
This unique offering can combine both properties into one sale as they are contiguous properties and owned by the same seller. Would be an effective way for a developer to acquire the 1140 Bypass Rd. property as an investment property, providing in-place income from Sleep Outfitters to help offset the development costs of the 1120 Bypass Rd. vacant lot.The seller is entirely open to independent sales of the two properties, or a collective sale. Contact agent for more details on the Sleep Outfitters Lease, and other questions.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.
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School Ratings & Info
Description
This unique offering can combine both properties into one sale as they are contiguous properties and owned by the same seller. Would be an effective way for a developer to acquire the 1140 Bypass Rd. property as an investment property, providing in-place income from Sleep Outfitters to help offset the development costs of the 1120 Bypass Rd. vacant lot.The seller is entirely open to independent sales of the two properties, or a collective sale. Contact agent for more details on the Sleep Outfitters Lease, and other questions.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.
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Listing provided courtesy of Gregory Leveridge of Block + Lot Real Estate: (859) 309-0099 . Listing information © 2025 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.