Victory Centre 575 Oak Ridge Tpke 37,978 SF 100% Leased Office Building Oak Ridge, TN 37830 $6,990,000 ($184.05/SF) 7.26% Cap Rate

Victory Centre is a 37,978-square-foot multi-tenant office building located at 575 Oak Ridge Turnpike in Oak Ridge, Tennessee. The property sits on approximately 1.84 acres along Oak Ridge's primary commercial corridor and is being offered for sale at $6,990,000.
The asset is currently 100% leased and provides immediate in-place cash flow through a diversified roster of professional, medical, legal, and service-oriented tenants. The tenant mix includes Critical Nurse Staffing, Pain Consultants, Kids Central, HHC Amedisys, Longenecker & Associates, Legal Aid, Southeastern Retina, Harmony Wellness, Edward Jones, and Dr. Charles Dye. Lease expirations are staggered through 2031, helping reduce near-term rollover risk and supporting income stability.
Financially, the property is projected to generate approximately $507,284 in Net Operating Income (NOI) for 2026, equating to a stated cap rate of 7.26% at the asking price. Projected rental income shows continued growth through 2030, supported by contractual rent escalations and stable occupancy assumptions.
Recent capital improvements have strengthened the property's physical condition and reduced near-term ownership obligations. Improvements include a new TPO roof installed in December 2025, replacement of six HVAC units, extensive plumbing upgrades, a new automatic glass entry door system, updated hallway finishes, and a significant tenant buildout for Critical Nurse Staffing.
The property's location benefits from proximity to Oak Ridge National Laboratory (ORNL), Y-12 National Security Complex, and other Department of Energy-related facilities that drive office demand throughout the market. Oak Ridge continues to attract significant public and private investment in nuclear energy, advanced manufacturing, artificial intelligence, and technology infrastructure, reinforcing long-term economic growth prospects.