You should have an IMAP account, in that case. You can verify this by clicking File>Account Settings>Account Settings and looking on the Email tab.
I was wrong about what the "\" means at the front of the path in the Contacts properties. After looking at my own copy of Outlook more closely, it seems that the path always has \<Your data="" file="" name=""> as its value. For an IMAP account, you should also see 'This computer only" following Contacts and other non-mail folder names. That's because IMAP can sync only mail data. It does handle the non-mail data. IMAP accounts also use OSTs. PSTs are used for POP accounts. You can find the explicit path of your data file by clicking File>Account Settings>Account Settings and choosing the Data Files tab.
So, yes, your contacts are in the OST that has your address as its name and it should be in the folder %LocalAppData%\Microsoft\Outlook. If you put that in the address bar of File Explorer and press Enter, it should appear in the folder that opens. That said, only Outlook itself can really access the OST. Why do you wish to know where the file is? What's your goal?</Your>