204 N Graham Hopedale Rd Burlington, NC
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Large industrial campus with redevelopment potential in a growing region.
Type:INDUSTRIAL
Property size:
736,000 SFLot size:
22.15 AcresPrice / SF:
$30/SF- Added:
- Oct 15, 2025
- Days on Market:
- 193
- Last Refresh:
- Apr 5 at 8:12 pm
Property Features for 204 N Graham Hopedale Rd
General Information
- Standard status
- Active
- Size
- 736,000 SF
- Lot size
- 22.15 Acres
- Property subtype
- INDUSTRIAL
Listing agent Jake Viverette License #NC 350592 (804) 754-5462
Listing office The Overton Group, LLC (804) 754-5462
Listing date Oct 15, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Overton Group, LLC
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
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 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.
