5441 N Socrum Loop Rd | Lakeland, FL 33809
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- LoopNet Team
5441 N Socrum Loop Rd
Lakeland, FL 33809
Truist Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease to Truist Bank (Fitch: A+) with 4 years of remaining initial term Truist is an investment grade tenant with an A Rating by S&P.
- The lease is corporate guaranteed
- Outparcel to Publix-anchored and owned shopping center
- Lease includes 1.5% annual rent increases and six 5-year extensions
- Located immediately West of Interstate 4, the regions main transportation artery
- Lakeland has experienced significant population growth and is ranked 4th in the United States.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
3,425 SF
Building Class
B
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Zoning
c-4
Parking
20 Spaces (3.06 Spaces per 1,000 SF Leased)
Frontage
136 FT on Socrum Loop
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 24-27-30-000000-013070 | Improvements Assessment | $723,666 |
| Land Assessment | $195,443 | Total Assessment | $919,109 |
PROPERTY TAXES
Parcel Number
24-27-30-000000-013070
Land Assessment
$195,443
Improvements Assessment
$723,666
Total Assessment
$919,109
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