Active
5441 N SOCRUM LOOP RD
LAKELAND FL, 33809
$2,300,000
$354.94 per sqft
Active
6,480 sqft
Commercial
Built in 1991
Situated at a prime intersection in Lakeland, Florida, this Truist Bank benefits from a highly desirable location in one of Central Florida's most vibrant markets. Built in 1991, the property is fully leased to Truist Bank (Fitch: A+). The absolute NNN lease features annual rent increases and includes six five-year renewal options. The tenant has already executed an early extension, with 3.3 years remaining on the lease term. Truist Bank is responsible for all on-site obligations, including roof and structure maintenance.
The site offers ample parking, mature landscaping, and a convenient four-lane drive-thru. It is positioned as an outparcel to the Publix-anchored Plantation Square shopping center and is adjacent to a newly renovated McDonald's.
Over the past two years, Lakeland has experienced significant growth, adding more residents than any other area in Florida, thanks to its strategic location between Tampa and Orlando along the Interstate 4 corridor. The Truist Bank is located just west of Interstate 4, providing excellent connectivity throughout Central Florida. This unique positioning has attracted major distribution and logistics companies such as Amazon, IKEA, UPS, Rooms to Go, and Publix Supermarkets. Ongoing industrial development along the Interstate 4 corridor is expected to further reinforce Lakeland's status as a key distribution hub in the region.
TB8307314
MLSⓇ ID
September 25, 2024
Listed
October 17, 2024
Updated
Map
5441 N SOCRUM LOOP RD
LAKELAND FL, 33809
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.85 Acres
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33809 - Lakeland / Polk City
Taxes
$16,296
Tax Frequency
Annually
Days on Market
22
Association Fee Frequency
Monthly
Garage
No
Parking
Parking Spaces - 19 to 30
View
No
County
Polk
Municipality
27
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/17/2024 | Price change | $2,300,000 -8% |
Listed by NEXTHOME GULF COAST
Listing Contact: 727-282-5151
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Data last updated 10/17/2024, 1:39 PM UTC