Listing by: Amanda LeGault, NEXTHOME GULF COAST, 847-899-1991

0 Beds

n/a Full bath

3,425 SqFt

Active

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.

Property Details
Price $2,500,000
Lot Size Area 36874
Lot Size Area Units Square Feet
Acres 0.85
Property Type Commercial
Sub type Retail
MLS Sub type Retail
Year Built 1991
Subdivision ACREAGE
Roof Shingle
Foundation Block
Parking Description 19 to 30 Spaces
Geographic Data
Directions Exit 33, head right on the ramp for FL-33 toward Lakeland. Keep right, heading toward Lakeland Regional Cancer Center / Lakeland / Marchant Stadium. Turn right onto N Socrum Loop Rd
County Polk
Latitude 28.113117
Longitude -81.946097
Market Area 33809 - Lakeland / Polk City
Address Information
Address 5441 N Socrum Loop ROAD, LAKELAND, FL 33809
Postal Code 33809
City LAKELAND
State FL
Country United States
Listing Information
Listing Office NEXTHOME GULF COAST
Listing Office Phone 727-282-5151
Listing Agent Amanda LeGault
Listing Agent Phone 847-899-1991
Special listing conditions None
Ownership Sole Proprietor
Terms Cash, Conventional, Trade, Other, Special Funding
MLS® Information
Days on market 0
MLS® Status Active
Listing Date Sep 25, 2024
Listing Last Modified Sep 25, 2024
Tax ID 242730000000013070
Tax Year 2023
Tax Annual Amount 16295
MLS® Area 33809 - Lakeland / Polk City
MLS® # TB8307314

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