5441 Socrum Loop RdLakeland, FL 33809

Property Details for 5441 Socrum Loop Rd

Year built

2004

Lot size

0.85 AC

Property size (Sq ft)

3,425 SF

Property type

Banks

APN

242730000000013070

APU

242730000000013070

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,290,011

  6.5%

  $1,190,779

  7%

  $1,105,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,691,484

  Geo Method

  $1,576,280

• Alternative Use

  Use

  Valuation

  Residential

  $1,004,467

  Hospitality

  $920,086

  Educational

  $765,501

  Medical

  $791,828

  Retail

  $1,190,779

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.1131

Longitude

-81.9461

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].