5441 N Socrum Loop Road Lakeland, FL 33809
Retail
MLS #: TB8307314
Courtesy Of NEXTHOME GULF COAST
Property InformationDescription
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.
Features
- Age: 31-40 Years Old
- Amenities: Dock
- Architecture Style: Other
- Exterior Type: Brick
- Legal Description: COMM AT NW COR OF NE1/4 RUN N 88 DEG 34 MIN 08 SEC E 195 FT S 00 DEG 11 MIN 14 SEC W 150 FT FOR POB THENCE S 44 DEG 48 MIN 46 SEC E 128 FT S 45 DEG 11 MIN 14 SEC W 135.90 FT RUN SWLY ALONG CURVE 39.27 FT THENCE N 89 DEG 48 MIN 46 SEC W 104.00 FT N 00 DEG 11 MIN 14 SEC E 198 FT N 88 DEG 54 MIN 08 SEC E 145 FT TO POB
- MLSID: TB8307314
- Roof Type: Shingle
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