204 N Graham Hopedale Rd, Burlington, NC

Listing office The Overton Group, LLC Show Phone

Listing date Nov 23, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Skin Care Clinic Storage Facility

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

Location Insight

• Map
• Local Demand

City

Burlington

County

Alamance

State

North Carolina

Longitude

-79.4079

Latitude

36.0979

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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 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.