Faggart is located at 384-392 Faggart Drive, Concord, North Carolina. The asset is an industrial building containing 34,355 square feet and sitting on 1.89 acres of land. The building includes a high dock and drive in door access and is accessible by two side streets. Zoning for this area is I-1, which permits building and contractor supply and storage, among other general industrial uses. Our tenant, OB Builders, Inc., has been in occupancy for nine (9) years. The current lease expires in August of 2024, with a reasonable expectation of renewal. Faggart is a stable and long-term asset for MLP.
Located less than 2.5 miles from Interstate I-85, the heart of the “Corridor” between Spartanburg/Greenville, SC and Charlotte, NC, this is one of the fastest growing areas in the Country.