5441 Socrum Loop Rd Lakeland, FL 33809-4274

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.