SoldRetailSold
5441 N Socrum Loop Road
Lakeland, FL 33809
$2,200,000
- 6,480Sq Ft
- $340Per Sq Ft
- 0.85Acres
- 1991Built
- County
- Polk
- MLS®
- TB8307314
Overview
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.
Listing Snapshot
- Price
- $2,200,000
- Days On Site
- N/A
- Bedrooms
- N/A
- Inside Area (SqFt)
- 6,480 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.85 Acres
- Year Built
- 1991
- MLS® Number
- TB8307314
- Status
- Sold
- Property Tax
- $16,295.62 (2023)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
8 items
- Acres
- 0.85
- Foundation
- Block
- Levels
- One
- Number Of Stories
- 1
- Property Sub Type
- Retail
- Sewer
- Public Sewer
- SqFt Total
- 6,480
- Water Source
- Public
Interior Features
1 item
- Cooling
- Central Air
Exterior Features
3 items
- Construction Details
- Brick
- Road Frontage
- City Street
- Roof
- Shingle
Community Features
5 items
- Community Features
- Curbs, Sidewalks
- MLS Area
- 33809 - Lakeland / Polk City
- Township
- 27
- Financing Terms Available
- Cash, Conventional, Trade, Special Funding
- Roads
- Asphalt, Paved
Location
5441 N Socrum Loop Road, Lakeland, FL 33809 · 33809 - Lakeland / Polk City
Neighborhood & Commute
ZIP Code 33809
- Median household income
- $63,589
- Income per person
- $33,437
- Households
- 15,099
- Average household size
- 2.43
- Median age
- 43.2
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Status changed to Closed
- Price changed to $2,300,000
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