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Lexington, KY NNN Properties for Sale

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Leased Auto Shop Building
Updated: May 5
Leased Auto Shop Building

1031 Contract Street, Lexington, KY 40505

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6,569 sqft 0.84 AC lot
~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
Current annual rent of $217,504
Scheduled rent increases of 2.00% annually starting 3/1/2031
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Turnkey Restaurant Business with NNN
Turnkey Restaurant Business with NNN

102 S Main Street, Cynthiana, KY 41031

$450,000
15,963 sqft 0.34 AC lot

Established restaurant operation includes equipment, furnishings, fixtures, and seating for approximately 175 guests.

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Danville Commercial Investment Opportunity
Danville Commercial Investment Opportunity

479 Whirlaway Drive, Danville, KY 40422

$1,025,781
5,850 sqft 1.81 AC lot

Prime commercial investment in Danville's expanding medical park area.

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Absolute Triple-Net Retail Market
Absolute Triple-Net Retail Market

103 E Pleasant St, Cynthiana, KY 41031

Contact for pricing
2,674 sqft

Apple Market offered in an absolute NNN lease with more than 12 years remaining on a 20-year term.

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Freestanding Cheddar's Restaurant NNN
Freestanding Cheddar's Restaurant NNN

2150 US-127, Danville, KY 40422

Contact for pricing

Freestanding single-tenant Cheddar’s Scratch Kitchen on a Walmart outparcel with an absolute NNN lease and Darden guarantee.

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Lexington, KY Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Lexington, KY on our real estate platform. These investment opportunities span a total of 6,569 square feet of properties for sale.

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Demographics Overview

Population 322K
Population Growth (5Y) +1.0%
Median Household Income $71,202
College Educated 25.6%

High-Yield Neighborhoods for Investment

Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
40508 $145K

Taxes & Financing

Tax Rate (average for all types) 1.22%
Property Tax per SF $11.25 per SF
Tax Rate vs County Average 0.01 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Fayette County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Lexington fall within the 100,000+ square foot range.

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