East Tennessee DHL Logistics Center_Property for Sale
East Tennessee DHL Logistics Center_Property for Sale

East Tennessee DHL Logistics Center

98 Excellence Way, Vonore, TN, 37885, US

Description

On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for the East Tennessee DHL Logistics Center, also known as the “Property” – a premier institutional- grade distribution facility spanning 629,682 square feet. Strategically positioned in Vonore, Tennessee, less than one mile from U.S. Route 72, this exceptional property offers unparalleled access to Tennessee's primary logistics corridors, placing over 75% of the US population within a single day's drive. Located within the highly regarded Tellico West Industrial Park, a master-planned industrial campus distinguished by its consistently high occupancy rate, the Property benefits from an established industrial environment, and is home to prestigious global tenants including Yamaha, MasterCraft, and Sea Ray.


100% leased to DHL Supply Chain, the distribution arm of DHL Group (Moody’s | A2), this exceptional Property features Class A specifications including 35-foot clear heights, a 185-foot truck court, 36 dock-high doors, and 20,000 square feet of cold storage capability. Positioned on nearly 100 acres, the site provides significant expansion potential with the opportunity to add 400k – 500k SF of additional warehouse space on pre-graded sites already equipped with fire loops and driveways. With 4.3 years of term remaining, DHL has successfully operated from this facility since 2011, utilizing the space as a critical hub for its extensive regional distribution network. As one of the world's largest and most integrated logistics providers, DHL generated $94 billion in revenue in 2024 while handling over 1.7 billion parcels across operations in more than 220 countries, underscoring the quality and stability of this tenancy.

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Attributes

Building area gross
629,682 sf
Occupancy
100%
WALT
4.3 years
Credit Rating
A2
Historical Occupancy
15 Years

Media

Investment Highlights

Investment Grade Tenant:

  1. DHL Supply Chain – Global leader in warehousing, distribution, and logistics across automotive, technology, healthcare, and retail
  2. $20B in 2024 revenue; largest dedicated contract logistics provider worldwide
  3. Operates in 50+ countries across 1,300+ sites (~420M SF)
  4. Serves major clients including Toyota, Volvo, Novo Nordisk, and Kraft Heinz
  5. DHL Group (Moody’s A2) – Parent company and Fortune Global 125 firm
  6. $94B 2024 revenue; largest international parcel delivery company
  7. 40%+ global express market share; 1.5B+ shipments annually
  8. Market cap exceeds $63B, larger than Target, Ford, and Dollar General


Institutional-Grade Design:

  1. Class A, 629,682 SF distribution facility
  2. Includes 20K SF of cold storage measured at 36 – 45 degrees
  3. Additional build-ready land on both sides offers immediate development or expansion potential (~21 acres)
  4. Up to 400k – 500k SF of additional warehouse space
  5. Pre-graded sites equipped with fire loops and driveways
  6. Rear-load configuration with 185’ truck court
  7. 35’ clear height
  8. 36 (9’ x 10’) dock-high doors
  9. 60-mil TPO roof with 14 years of remaining warranty


Financial Highlights:

  1. 100% leased to DHL Supply Chain with 4.3 years of term remaining
  2. 15 years of historical occupancy
  3. Strong annual rent escalations of 3.25%
  4. NNN leases with limited landlord responsibilities



East Tennessee DHL Logistics Center 4_Property for Sale
East Tennessee DHL Logistics Center 4_Property for Sale

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East Tennessee DHL Logistics Center (0 Properties)

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Last updated
9 Feb 2026