5441 North Socrum Loop Road, Lakeland, FL 33809

Other
THB ฿78,822,516
USD $2,300,000
Published on: 26 Sep 2024
Last updated on: 09 Nov 2024
5441 North Socrum Loop Road, Lakeland, FL 33809
5441 North Socrum Loop Road, Lakeland, FL 33809
5441 North Socrum Loop Road, Lakeland, FL 33809
+14
5441 North Socrum Loop Road, Lakeland, FL 33809
  • 14
Property ID: 110094787238
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Key property information

Land Size
3,439.83 m2

Commercial Sale, Other - Lakeland, FL

5441 North Socrum Loop Road, Lakeland, FL 33809
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

Basic Info

Property Type
Other
Listing Status
Active
Land Size
3,439.83 m2
Building Size
318.19 m2
Year Built
1991
Architecture Style
Other
Franchise
Realty World
Provider
NextHome, Inc
Brokerage Office Name
NextHome, Inc
Address
5441 North Socrum Loop Road, Lakeland, FL 33809
Contact Agent
Amanda LeGault
146 2nd Street North, Suite 310, St. Petersburg, FL 33701
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Amanda LeGault
146 2nd Street North, Suite 310, St. Petersburg, FL 33701
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      Property ID: 110094787238

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