5441 N SOCRUM LOOP RD Active Save Request In-Person Tour Request Virtual Tour
Lakeland,FL 33809
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,480 sqft
Price per Sqft $354
Subdivision Acreage
MLS Listing ID TB8307314
HOA Y/N No
Originating Board Stellar MLS
Year Built 1991
Annual Tax Amount $16,295
Lot Size 0.850 Acres
Acres 0.85
Property Description
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.
Location
State FL
County Polk
Community Acreage
Interior
Cooling Central Air
Exterior
Garage Parking Spaces - 19 to 30
Community Features Curbs,Sidewalks
Waterfront false
Roof Type Shingle
Parking Type Parking Spaces - 19 to 30
Building
Story 1
Entry Level One
Foundation Block
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash,Conventional,Trade,Other,Special Funding
Listing Terms Cash,Conventional,Trade,Other,Special Funding
Special Listing Condition None