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.
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
MLS #:
TB8307314
Status:
Active
Beds:
0
Baths:
0
Address:
5441 N SOCRUM LOOP ROAD
Type:
Commercial
Subtype:
Retail
Subdivision:
ACREAGE
Neighborhood:
33809 – Lakeland / Polk City
City:
LAKELAND
Listed Date:
Sep 25, 2024
State:
FL
Finished Sq Ft:
6,480
Total Sq Ft:
6,480
ZIP:
33809
Lot Size:
36,874 sqft / 0.85 acres (approx)
Year Built:
1991
Schools
Interior
Cooling
Central Air
Exterior
Community Features
Curbs, Sidewalks
Construction Materials
Brick
Parking Features
19 to 30 Spaces
Roof
Shingle
Financial
Tax Year
2023
Taxes
$16,296
Map
Community
- Address5441 N SOCRUM LOOP ROAD LAKELAND FL
- SubdivisionACREAGE
- CityLAKELAND
- CountyPolk
- Zip Code33809
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5441 N SOCRUM LOOP ROAD
LAKELAND, FL
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