7914 PIEDMONT TRIAD PKWY Greensboro NC 27409

In Association with:

Jeff Hughes

North Carolina License #101282

Property Website & Offering Memorandum:

http://info.stanjohnsonco.com/Qorvo-Greensboro-NC-Office-5-10.html?utm_medium=listing&utm_source=sjc_mrkto&utm_campaign=Qorvo-Greensboro-NC-Office-5-10-CREXi&utm_content=link 

Qorvo, Inc. was founded in 1991 and provides radio frequency (RF) solutions and technologies for mobile devices, infrastructure, as well as defense and aerospace applications worldwide. Qorvo is publicly traded (Nasdaq: QRVO) and recently reported annual sales of over $3 Billion with a market capitalization of over $10 billion. The Moody’s rating in 2015 was Ba1 and Stable.

The property is a 53,505 square foot facility consisting of office and R&D facilities. The property is located near Qorvo’s corporate headquarters which was consolidated to Greensboro in 2016. Qorvo has occupied the property for over twenty (20) years and recently signed a ten (10) year extension to their current lease extending the remaining lease term to over eleven (11) years. The lease features strong rental increases in the primary term and renewal periods. Landlord responsibilities are minimal, and the landlord will benefit from a new roof with warranty.

According to CoStar’s most recent quarterly report, the Greensboro/Winton-Salem MSA office vacancy rates dropped below 9% with positive net absorption and rental rates continued to increase. These metrics are evidence of the continued strength of the overall local market.  

• Corporate Credit
• Long-Term Commitment to Site
• Mission Critical Facility
• Long-Term Net Lease with New Roof
• Below Market Rent
• Strong Market
• Excellent Location