This exceptional investment opportunity presents a 6,480 square foot, single-story, Class A Truist Bank building situated on a 0.85-acre lot in Lakeland, Florida. The property, built in 1991 and boasting a 100% occupancy rate since March 28, 2008, features a highly desirable absolute NNN lease with a credit-rated tenant. The current lease, with a remaining term of approximately 3.9 years, extends to September 30, 2028, and includes six five-year renewal options. Annual rent increases of 1.5% are built into the lease structure. The property generates a Net Operating Income (NOI) of $123,362, resulting in a 5.36% cap rate. The tenant, Truist Bank, is responsible for all property maintenance, including roof and structural repairs. Conveniently located at 5441 N Socrum Loop Rd, Lakeland, FL 33809, this property offers 23 parking spaces and is strategically positioned as an outparcel to a Publix-anchored shopping center, adjacent to a recently renovated McDonald's. The property is zoned C-2 and features a four-lane drive-thru. The asking price is $2,300,000, translating to a land value of $382.80 per square foot. This investment offers a secure, long-term opportunity in a rapidly growing area of Central Florida, benefiting from its proximity to Interstate 4 and the significant population growth experienced in Lakeland. The net rentable square footage is 3,425 square feet.
Highlights
Absolute NNN lease to Truist Bank (investment-grade tenant rated A by S&P and A+ by Fitch), with approximately 4 years remaining on the initial term.
Lease includes 1.5% annual rent increases and six 5-year renewal options.
Corporate guaranteed lease.
Outparcel to a Publix-anchored shopping center, located west of Interstate 4.
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Amanda LeGault
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5441 Socrum Loop Rd, Lakeland, Florida, 33809
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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5441 Socrum Loop Rd
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