5441 Socrum Loop Rd, Lakeland, FL 33809-4274
- Banks
- 3,425 SF
- 0.85 lot acres
Current Use by Public Records
- Truist / Bank / Loan Service
- ATM (Suntrust Bank) / Atm
- Truist - ATM / Atm
- Fox Virginia / Insurance Agency
Property Details for 5441 Socrum Loop Rd
- Year built
- 2004
- Lot size
- 0.85 lot acres
- Property type
- Banks
- APN
- 242730000000013070
- APU
- 242730000000013070
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 10, 2025 | $2,200,000 | Gaurang J Gandhi | Dhk Limited Partnership | Warranty Deed | — |
| Aug 16, 2023 | $2,141,600 | Dhk Limited Partnership | Jm Willing Lakeland St LLC | Special Warranty Deed | $1.2M · Beverly Bank & Trust Co NA |
| Jan 24, 2018 | $2,201,100 | Lakeland St LLC | Nnn Sun LLC | Warranty Deed | $2M · Comerica Bk |
| Oct 3, 2016 | — | Nnn Sun LLC | — | Deed · related | $23M · Iberiabank |
| Jun 26, 2013 | $1,446,600 | Nnn Sun LLC | Inland American St Fl Portfoli | Grant Deed | — |
| May 2, 2013 | — | Inland American St Fl Portfoli | — | Deed Of Trust · related | $33.1M · Mb Financial Bank NA |
| Feb 5, 2008 | — | Stflorida Portfolio III LLC | Suntrust Bank | Grant Deed · related | — |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,035,000
- ML approach
- $2,030,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9461
- Latitude
- 28.1131
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
