$2,300,000
( $354.94Per Sq Foot )
 $12,347 est/mo Sourced by Back At You

5441 N Socrum Loop Rd , LAKELAND, FL 33809

LAKELAND, FL 33809

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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.

Details

MLS#TB8307314
Listing TypeFor Sale
StyleRetail
Sub-TypeFor-sale
StatusActive
Year1991
Days On Site40
Listing Provided ByNEXTHOME GULF COAST | Amanda LeGault

Features

SQ Feet6,480
Story(s)1
Acreage0.85

Market Activity 33809

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of November 4, 2024 at 1:43:09 PM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 5 minutes ago
StateFL
CountyPolk
CityLAKELAND
Zip Code33809
Area33809 Lakeland | Polk City
Community NameACREAGE
Listing VS Median (in ACREAGE)
Price:
$2,300,000
low | high
Med:
$597,450
100% of Average
SqFt:
6,480
low | high
Med:
2,475
100% of Average
$ / SqFt:
$355
low | high
Med:
$243
81.544932728564% of Average
On Site:
40
low | high
Med:
111.5
35.874439461883% of Average
Sourced by Back At You
Listing Updated: October 29, 2024 at 12:23:53 PM PDT