315 Burke Drive
Industrial | 12,888 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 315 Burke Drive, a single-tenant flex industrial property located in Morganton, NC. The property fully leased under a triple-net lease structure. The 12,888 SF facility integrates 4.224 SF of office space with 8,664 SF of warehouse and light manufacturing area, supporting both administrative and operational functions within a single building.
The warehouse component is fully conditioned and supported by 3 drive-in, roll-up doors and 3-phase power. allowing the building to accommodate a range of operational users including fabrication, service operations, and light manufacturing. The configuration allows for efficient internal workflow between office and production areas while maintaining direct vehicle access to warehouse space.
The property benefits from immediate proximity to U.S. Highway 70, one of the primary commercial corridors serving Burke County and the broader Hickory-Lenoir-Morganton MSA. This corridor provides efficient regional connectivity and supports a mix of industrial, logistics, and service-oriented businesses.
The tenant occupies 100% of the building under a triple-net lease that commenced in June 2025 and extends through June 2028, with 3% annual rent escalations. A defined renewal option provides the potential to extend occupancy through June 2031, creating the opportunity for continued stabilized income.
Investment highlights
- 12,888 SF single-tenant flex industrial building with 3 drive-in, roll-up doors
- Initial lease term June 2025 through June 2028, with 3% annual contractual rent escalations
- Fully leased under NNN lease
- Immediate access to U.S. Highway 70
- Stabilized Net-leased Income & Contractual Rent Growth: The property is fully leased to a single tenant under a NNN lease structure, minimizing landlord responsibilities and providing predictable income. The lease includes 3% annual escalations, creating consistent revenue growth throughout the lease term. These increases provide an inflation hedge while improving income yield over time.
- Excess Land With Expansion & Ios Upside: Situated on ±3.93 acres, the property offers a valuable opportunity for additional expansion or highly sought-after industrial outdoor storage (IOS). The surplus land provides flexibility for a buyer to enhance functionality, increase occupancy, or lease yard space-creating a clear path to drive additional NOI and maximize overall asset value.
- Functional Flex Industrial Design: The building integrates office, warehouse, and light manufacturing space within a single footprint. Three roll-up doors, climate-controlled warehouse space, and 3-phase power support a wide range of operational users.
- Full-building Tenant Occupancy: The teriant occupies 100 percent of the facility, eliminating multi-tenant rollover risk and operational complexity. Single-user occupancy simplifies management while supporting tenant retention through operational control
- Strategic Highway 70 Corridor Location: Immediate access to U.S. Highway 70 provides connectivity across Burke County and the Hickory-Lenoir-Morganton industrial market. The location supports ongoing demand from manufacturing, logistics, and service-sector users in the region.
- # Tenants: 1
- Office SF: 4,224
- Warehouse SF: 8,664
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