Listing by: Amanda LeGault, NEXTHOME GULF COAST, 847-899-1991
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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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This information is believed to be accurate, but without any warranty.