Licensed North Carolina Real Estate Broker — Affiliated with G Brokerage

Sell Your Commercial Property in Lexington, NC

Lexington is the Davidson County seat and the self-proclaimed Barbecue Capital of the World — a culinary identity that generates tourism interest while the city's commercial market is more fundamentally driven by Wake Forest Baptist Health's hospital campus, I-85 corridor industrial access, and the city's role as the Davidson County commercial hub. The annual Barbecue Festival draws 100,000+ visitors to the downtown. For property owners, Lexington offers a market where institutional healthcare demand and county hub status provide stability, while the barbecue brand and emerging downtown interest create potential for appreciation beyond historical patterns.

No upfront feesConfidential process$500K - $10M+ properties
2x
Dual Expertise
Business broker + CRE advisor. Most brokers only do one.
90
Day Avg. to Offer
Well-priced properties with strong financials attract fast offers.
$0
Upfront Cost
Success-based fees only. You pay nothing until your property sells.
Market Intelligence

Lexington Commercial Real Estate Market

Lexington's commercial real estate market serves as the Davidson County hub, providing retail, healthcare, and services to a county population of 170,000+ with limited competition from nearby cities. The South Main Street and Cotton Grove Road corridors concentrate national and regional retail, while downtown Lexington's barbecue restaurants — the source of the city's Barbecue Capital identity — generate tourist traffic and cultural recognition that extends nationally. The annual Barbecue Festival (100,000+ visitors) provides a concentrated tourism economic impact.

Wake Forest Baptist Health Lexington Medical Center is the city's largest employer and healthcare anchor, generating medical office demand along Old Salisbury Road and the hospital campus periphery. Davidson County government offices and Davidson County Community College add institutional employment. Industrial demand along the I-85 corridor serves furniture manufacturing legacy operations, food processing, and distribution tenants positioned between Charlotte and the Triad. The I-85 interchange at Exit 91 provides the primary logistics connectivity.

Lexington's cap rates are among the highest in the Piedmont, offering investors strong income returns backed by county hub status and institutional healthcare demand. The buyer pool includes Davidson County operators, yield-focused investors from the I-85 corridor, and healthcare investors attracted by Wake Forest Baptist's stability. For sellers, Lexington properties should emphasize the Davidson County hub captive market and the healthcare anchor — these fundamentals resonate with the income-oriented buyer pool that actively invests in markets like Lexington.

20,000+
Population
0.3% annually
Annual Growth
35000
Median Income
0.042
Unemployment
Major Employers: Lexington Memorial Hospital, Davidson County Government, Thomasville Furniture (nearby), Lexington City Schools, various manufacturers
Economic Drivers: Healthcare, Government, Manufacturing, Agriculture, Retail
What's Selling

Top Property Types in Lexington

01

Industrial & Manufacturing

Lexington's Davidson County hub status means its retail corridors serve a 170,000+ county population with limited alternatives. South Main Street, Cotton Grove Road, and the Walmart-anchored shopping areas provide grocery, dining, and general merchandise. Downtown Lexington's barbecue restaurants generate tourist traffic and national media attention that benefits surrounding businesses. Grocery-anchored centers and national QSR properties are the most liquid retail investments, while downtown properties with barbecue tourism exposure offer a niche positioning that creates buyer curiosity beyond pure financial metrics.

02

Retail & Downtown

Wake Forest Baptist Health Lexington Medical Center generates medical office demand that is the city's most stable commercial asset class. Physician practices, specialty clinics, rehabilitation, and outpatient services cluster near the hospital campus along Old Salisbury Road. The hospital's county-wide referral network provides patient volumes drawn from across Davidson County. Multi-tenant medical buildings with diversified specialties achieve the tightest cap rates in the Lexington market. The aging county population amplifies healthcare demand growth.

03

Medical & Office

I-85 access at Exit 91 and the legacy manufacturing infrastructure provide industrial capacity for distribution, food processing, and light manufacturing tenants. Davidson County's furniture manufacturing heritage has left industrial buildings suitable for repurposing to modern uses. Properties with dock-high loading, adequate clear heights, and I-85 access within 3 miles attract both owner-occupants and investors. Industrial cap rates in Lexington are among the highest along the I-85 corridor, attracting yield-focused capital seeking income stability from manufacturing and distribution tenants.

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Market Data

Lexington Cap Rate Ranges

Property TypeTypical Cap Rate
Industrial8.0% - 10.0%
Retail8.0% - 10.5%
Office8.5% - 11.0%
Mixed-Use8.0% - 10.0%
NNN Lease6.0% - 7.5%

Cap rates in Lexington are among the highest in the Piedmont, offering strong yields for income investors.

Your Advisor

Why Lexington Property Owners Work With John Salony

Dual Expertise

Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.

No Wasted Time

Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.

Confidential Process

Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.

Success-Based Fee

You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.

Common Questions

Selling Commercial Property in Lexington

Industrial along I-85 and downtown retail are strongest performers.
Most sales take 6 to 14 months. Value-focused buyers are active in this market.
Lexington delivers strong yields reflecting the Davidson County secondary market. Retail along South Main and Cotton Grove trades at 7.5% to 10.0%, with grocery-anchored centers tightest. Medical office near Wake Forest Baptist trades at 7.0% to 9.0%. I-85 corridor industrial ranges from 7.5% to 9.5%. General office varies from 8.5% to 11.0%. NNN properties with credit tenants achieve 6.0% to 7.5%. Downtown barbecue district properties vary widely based on tourism positioning. County hub status provides demand stability underpinning these strong yields.
Yes — Lexington's hub economy and barbecue tourism identity create combined transactions where businesses and real estate are connected to the city's market dynamics. Downtown barbecue restaurants with national recognition, medical practices near Wake Forest Baptist, and retail operations serving the county catchment all present combined opportunities. John Salony structures these deals to capture both the county hub stability and — for downtown properties — the Barbecue Capital tourism premium.
Lexington's Davidson County hub status is permanent — no competing commercial center is emerging within the county. Wake Forest Baptist continues investing in the medical center. The Barbecue Capital brand generates ongoing tourism interest and national media coverage. I-85 industrial demand tracks regional logistics growth. For property owners, these stable demand drivers support yields that consistently attract income-focused investors. A consultation can position your property within the narrative that resonates with Lexington's buyer community.
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