1031 Contract Street

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1031 Contract Street

Lexington, KY 40505
Asking Price
$3.22M
Cap Rate
6.75%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

<ul><li>​Strong Corporate Guarantee | The lease features a corporate guarantee from Main Street Auto. Main Street Auto is a rapidly growing operator of automotive repair shops in the southeast and beyond. They currently operate ~150 locations. The corporate guarantee on this lease is backed by ~110 of these locations.</li><li>​Close Proximity to the University of Kentucky | The subject investment property benefits from being located less than three miles from the University of Kentucky, which ha

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NOI
$80,000
Cap Rate
2.48%
DSCR
0.42
Underwater
Cash-on-Cash
-11.51%
Monthly Payment
$15,942.083
Annual Cash Flow
$-111,305

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