Situated at a prime intersection in Lakeland, Florida, this Truist Bank benefits from a highly desirable location in one of Central Florida’s most vibrant markets. Built in 1991, the property is fully leased to Truist Bank (Fitch: A+). The absolute NNN lease features annual rent increases and includes six five-year renewal options. The tenant has already executed an early extension, with 3.3 years remaining on the lease term. Truist Bank is responsible for all on-site obligations, including roof and structure maintenance. The site offers ample parking, mature landscaping, and a convenient four-lane drive-thru. It is positioned as an outparcel to the Publix-anchored Plantation Square shopping center and is adjacent to a newly renovated McDonald's. Over the past two years, Lakeland has experienced significant growth, adding more residents than any other area in Florida, thanks to its strategic location between Tampa and Orlando along the Interstate 4 corridor. The Truist Bank is located just west of Interstate 4, providing excellent connectivity throughout Central Florida. This unique positioning has attracted major distribution and logistics companies such as Amazon, IKEA, UPS, Rooms to Go, and Publix Supermarkets. Ongoing industrial development along the Interstate 4 corridor is expected to further reinforce Lakeland’s status as a key distribution hub in the region.

Listing courtesy of NEXTHOME GULF COAST 8478991991



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-10-29 08:00 PM EDT