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

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