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204 N Graham Hopedale Rd Burlington, NC 27217

For Sale
$22,080,000

Large industrial campus with redevelopment potential in a growing region.

Property size:
736,000 SF
Lot size:
22.15 Acres

Property Features for 204 N Graham Hopedale Rd

General Information

Size
736,000 SF
Lot size
22.15 Acres

Source: The Overton Group, LLC Agent Jake Viverette

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Historic Burlington Industrial Campus

The historic industrial campus at 204 N Graham-Hopedale Road in Burlington, NC, is situated on approximately 22 acres. Positioned between the Triad and Triangle markets, the property offers connectivity with access to I-40/I-85, Greensboro, and the Research Triangle. The site consists of multiple structurally sound buildings that provide flexibility for future use and potential redevelopment. With approximately 736,000 square feet across 16 buildings, the property offers options for industrial, flex, or adaptive reuse strategies. Market rents in the Burlington industrial corridor are approximately $4.75 per square foot NNN. The seller will escrow five years of below-market rent of $3.00 per square foot NNN across the approximately 736,000 square foot campus at closing. The property is eligible for federal and state historic tax credits and North Carolina mill credits. Formerly operated by Western Electric and the U.S. Army, the property’s industrial framework supports modern adaptation while preserving historic character. Its central location within a growing region makes it an ideal candidate for industrial, commercial, or mixed-use projects seeking scale and regional reach.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Burlington
County
Alamance
State
North Carolina
Longitude
-79.4078555
Latitude
36.0978613

FAQs

What type of property is this?
Industrial property - Large industrial campus with redevelopment potential in a growing region.
Where is this industrial property located?
The property is located at 204 N Graham Hopedale Rd Burlington, NC.
What is the asking price?
The asking price for this property is $22,080,000.
What are key features of this property?
This property features: - Guaranteed Net Operating Income (NOI) with 5 years of below-market rent escrowed at closing, providing immediate income stability.; - Significant mark-to-market upside with market rents at ±$4.75/SF NNN, offering a clear path to value creation and high-teens yield on cost.; - Large scale with ±736,000 SF across 16 buildings, providing versatile options for industrial, flex, or adaptive reuse.
More about this property
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