340 Plus Park Blvd
Nashville, TN 37217
New Govt Office in Nashville – 15-Yr Lease · Office Property For Sale

The U.S. Department of Homeland Security, Citizenship and Immigration Services (USCIS) Field Office in Nashville, Tennessee is an 18,294 square foot, single-tenant office building that is 100% leased to the U.S. Federal Government for a new 15-year lease term. The lease includes attractive income growth during the lease term, with base rent increases in Lease Years 6 and 11. The Nashville Field Office houses critical departments and functions of USCIS including the Field Office Director, Adjudications Division, Information Division, Records Division, and Fraud Detection and National Security. The Nashville Field Office is a new location for USCIS in Tennessee, and is the largest USCIS office within the state. The Nashville market area is a priority for the tenant due to the significant population within the city and surrounding region, and the growing immigration population within this area. Prior to the existence of this facility, residents of Tennessee were required to travel to the Memphis Field Office to receive USCIS services. This facility is leased to the U.S. General Services Administration (GSA) for a new 15-year term that is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate that typically exceeds 95%. Nashville is the capital city of Tennessee, the most populous city within the state, and the 36th-largest MSA within the United States with an estimated population of 1.865 million. The USCIS Field Office benefits from a central position within Nashville, situated directly between Downtown and Nashville International Airport, located within 5 miles of each. The property is in immediate proximity to Interstate 24 and Highway 41/1, providing ease of access to this facility.