Tennessee Department of Children’s Services 10 Year Lease

2600 Western Ave, Knoxville, TN 37921

  • For Sale $7,500,000
  • Property Type Office - Government Office
  • Property Size 55,000 SF
  • Units 1
  • Lot Size 9.11 Acre
  • Parking Spaces Avail. 270
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 2009
  • Year Renovated 2024
  • Date Updated Aug 8, 2025
This property is located in Knoxville, Tennessee.Opportunity to acquire a 55,000 SF facility on 9.11+ acres designed in 2009 for the AAA+ credit state of Tennessee for the Department of Children’s Services (DCS). The state just inked a 48,522 SF ten-year lease renewal beginning in December. On top of a long term lease with a high credit tenant in place, the property includes two significant value-add components a 3.38 acre site & 6,478 SF of leasable space. The pricing allocation is as follows: 1. Ten-Year Lease: $6,126,800 at an approximate cap rate of 8%. 2. 3.38 Acre Site: $653,432 Site to build-up to a 20,000 SF or larger building. Value based on sale comps of $193,320 per acre. 3. New SF: $719,777 Value from approximately 6,478 SF leasable space available in December. Value is based on conservative rent of only $10/SF net, and a conservative 9% cap rate. ​​​​​​​ The property is perfectly located for DCS in Knoxville, TN, the second-fastest-growing city in the state of Tennessee. The sites are close to Interstates I-40 and I-640 in West Knoxville
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Highlights

  • 10-Year lease through 11/30/2035
  • 270 paved parking spaces
  • 3.38 Buildable Site included
  • AAA+ S&P Global Credit Rating
  • Additional 6,478 SF leasable space
  • Built for DCS in 2009
  • HVAC replaced in 2024
  • Leased by the State of Tennessee
  • Normal state appropriations clause
  • Subject on 9.11 Acres
  • Tenant pays utilities and janitorial

Contacts

broker
Michael Bull, CCIM

Bull Realty

Location

Getting Around

  • Walk Score ®

    11/100 Car-Dependent

  • Transit Score ®

    23/100 Minimal Transit

  • Bike Score ®

    7/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Knoxville, TN
  • Neighborhood West View
  • Zip Code 37921
  • Market Knoxville

Points of Interest

  • Three Rivers Rambler

    1.89 miles

  • Casey's

    1.33 miles

  • Fuel City

    1.47 miles

  • Quik Stop

    1.50 miles

  • Weigel's

    1.78 miles

  • Shell

    1.91 miles

  • Exxon

    2.35 miles

  • Pilot

    2.37 miles

  • Blink

    2.87 miles

  • Tesla Supercharger

    3.43 miles

  • EVgo

    6.66 miles

  • C9

    2.01 miles

  • White Avenue Parking Garage

    2.04 miles

  • Lake Avenue Parking Garage

    2.06 miles

  • Terrace Avenue Parking Garage

    2.09 miles

  • 11th Street Parking Garage

    2.31 miles

  • Jackson Avenue Lot

    2.34 miles

  • Volunteer Blvd Parking Garage (G16)

    2.40 miles

  • Summer Place Parking Garage

    2.42 miles

  • Market Square Parking Garage

    2.45 miles

  • Caldonia Pass

    2.45 miles

  • Graduate by Hilton Knoxville

    2.10 miles

  • Cumberland House Knoxville, Tapestry Collection by Hilton

    2.27 miles

  • The Tennessean

    2.37 miles

  • Marriott Knoxville

    2.37 miles

  • Crowne Plaza

    2.41 miles

  • Middlebrook Inn

    2.50 miles

  • The Sky-Lite Hotel

    2.50 miles

  • Oliver Royal Hotel

    2.51 miles

  • Hilton Knoxville

    2.53 miles

  • Best Value Inn

    2.57 miles

  • Vol Market

    0.36 miles

  • Middlebrook Market & Deli

    0.70 miles

  • Krystal

    0.72 miles

  • Wendy's

    1.13 miles

  • Sonic

    1.15 miles

  • Long John Silver's

    1.19 miles

  • Taco Bell

    1.19 miles

  • KFC

    1.21 miles

  • Firehouse Subs

    1.26 miles

  • McDonald's

    1.28 miles

  • West View Elementary School

    0.50 miles

  • Rule High School

    0.54 miles

  • Sam E Hill School

    0.72 miles

  • Lonsdale Elementary School

    0.89 miles

  • Knoxville College

    1.02 miles

  • Tennessee College of Applied Technology - Knoxville

    1.06 miles

  • South College

    1.12 miles

  • Pellissippi State Community College - Division Street

    1.17 miles

  • Beaumont Elementary School

    1.22 miles

  • West Haven Elementary School

    1.26 miles

  • Columbus Home Children's Services

    1.20 miles

  • Wonderland Childrens Academy

    2.42 miles

  • Quality Care Sitting

    2.77 miles

  • La Petite Child Care

    6.51 miles

  • Bluegrass KinderCare

    8.82 miles

Frequently Asked Questions

How much does Tennessee Department of Children’s Services 10 Year Lease cost?

The space currently listed for sale at Tennessee Department of Children’s Services 10 Year Lease asks for $7,500,000.

What is the total square footage of Tennessee Department of Children’s Services 10 Year Lease?

Tennessee Department of Children’s Services 10 Year Lease totals 55,000 square feet.

When was this property built?

Tennessee Department of Children’s Services 10 Year Lease was built in 2009.

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Contact Listing Broker
broker
Michael Bull, CCIM

Bull Realty

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