Leased Auto Shop
1031 Contract Street Lexington, KY 40505
For Sale
Contact for pricing
Auto shop on a leased, triple-net basis with a 20-year term that commenced in 2025.
Property Size6,569 SF
Lot Size0.84 Acres
Price / SF$490.53
Days on Market84
Property Features for 1031 Contract Street
General Information
Standard status
Active
Size
6,569 SF
Lot size
0.84 Acres
Property subtype
Retail
Building Details
Year Built
2000
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Edward Otocka · License #NY 10401298466
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 26 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This leased auto shop property includes approximately 6,569 rentable square feet of building space on an estimated 0.84-acre parcel. The asset is offered for sale as part of a 20-year triple net (NNN) lease.
The lease commenced 2/20/2025. The current annual rent is $217,504, with scheduled annual increases of 2.00% starting 3/1/2031.
The property is located at 1031 Contract Street in Lexington, Kentucky.
The lease commenced 2/20/2025. The current annual rent is $217,504, with scheduled annual increases of 2.00% starting 3/1/2031.
The property is located at 1031 Contract Street in Lexington, Kentucky.
Key Highlights
- ~6,569 rentable SF auto shop on an estimated 0.84‑acre parcel at 1031 Contract Street, Lexington, KY 40505
- Subject to a 20‑year Triple Net (NNN) lease
- Lease commenced 2/20/2025
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop on a leased, triple-net basis with a 20-year term that commenced in 2025.
Where is this auto shop located?
The property is located at 1031 Contract Street Lexington, KY.
What is the asking price?
The asking price for this property is $3,222,280.
What are key features of this property?
This property features: ~6,569 rentable SF auto shop on an estimated 0.84‑acre parcel at 1031 Contract Street, Lexington, KY 40505; Subject to a 20‑year Triple Net (NNN) lease; Lease commenced 2/20/2025
