Freestanding Single-Tenant
For Sale
Contact for pricing
260 John R Rd, Troy, MI 48083
A 50-year absolute NNN lease carries zero landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 260 John R Rd
General Information
Standard status
Active
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 1:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
This freestanding bank property is occupied by Chase under a 50-year absolute triple net lease with no landlord responsibilities and one five-year renewal option. The offering includes the fee simple interest and an investment-grade corporate guaranty from JPMorgan Chase Bank, rated A- by S&P.
The branch is located at 260 John R Road in Troy, Michigan, approximately 20 miles northeast of downtown Detroit. More than 300,000 residents are within a five-mile radius. The property serves as an outparcel to Oakland Plaza, which generates approximately 1.5 million annual visits, and sits next to Oakland Mall. The regional mall contains 1.5 million square feet of retail space and reports 4.1 million annual visits, with Macy’s, JCPenney, Dick’s Sporting Goods, At Home, and Hobby Lobby among its anchors.
The tenant reported $233.5M in deposits in 2022, reflecting 51% growth since 2017.
The branch is located at 260 John R Road in Troy, Michigan, approximately 20 miles northeast of downtown Detroit. More than 300,000 residents are within a five-mile radius. The property serves as an outparcel to Oakland Plaza, which generates approximately 1.5 million annual visits, and sits next to Oakland Mall. The regional mall contains 1.5 million square feet of retail space and reports 4.1 million annual visits, with Macy’s, JCPenney, Dick’s Sporting Goods, At Home, and Hobby Lobby among its anchors.
The tenant reported $233.5M in deposits in 2022, reflecting 51% growth since 2017.
Key Highlights
- Freestanding Chase bank at 260 John R Rd, Troy, MI 48083
- 50‑year absolute triple net lease with zero landlord responsibilities
- One, five‑year renewal option
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
504k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 36%
Shops & Services 25%
Electronics 15%
Dining 13%
Kohl's
Apparel
79,986 visits/mo
0.1 miles
Micro Center
Electronics
60,568 visits/mo
0.5 miles
T.J. Maxx
Apparel
56,794 visits/mo
0.1 miles
JCPenney
Apparel
45,977 visits/mo
0.3 miles
Michaels
Shops & Services
43,159 visits/mo
0.1 miles
Demographics for 48083, MI
24,074
Population
10,437
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
91%
High-School Grad
8.6 sq mi
ZIP Area
2,799
Density / Sq Mi
$88,551
Median Household Income
$53,204
Median Earnings
$1,277
Median Rent
$293,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - A 50-year absolute NNN lease carries zero landlord responsibilities.
Where is this bank located?
The property is located at 260 John R Rd Troy, MI.
What are key features of this property?
This property features: Freestanding Chase bank at 260 John R Rd, Troy, MI 48083; 50‑year absolute triple net lease with zero landlord responsibilities; One, five‑year renewal option
