3754 Rochester Road, Troy, MI 48083

Building Details

Year Built 2006 More

Listing Agency: Bang Realty

Listed By: Brian Brockman · License MI BRK.200900214 Show Phone

Source: Crexi

Added: May 23 Changed: Nov 12 Last Checked: Nov 12 at 5:23AM

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Investment Insights

Based on property information with market context.

This property offers the opportunity to acquire a single-tenant, absolute triple-net (NNN) ground lease occupied by Fifth Third Bank in Troy, Michigan. The property is 100% leased to Fifth Third Bank, National Association, an investment-grade rated financial institution (S&P: A-) and subsidiary of Fifth Third Bancorp (NASDAQ: FITB). The lease has approximately 7.2 years of firm lease term remaining with four additional 5-year renewal options, each containing 10% rental increases. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities. The property is located at 3760 Rochester Road, along one of the area's primary commercial corridors with visibility and traffic exposure. The site benefits from approximately 48,110 vehicles per day along Rochester Road and proximity to Interstate 75, which carries approximately 127,758 vehicles per day. The branch's deposit base exceeds $103 million. Situated on a 1.55-acre parcel, the property is surrounded by residential communities, major employers, and a concentration of national retailers and service-oriented businesses, including Target, Meijer, Kroger, Starbucks, Chick-fil-A, Costco, Walmart, The Home Depot, and Lowe's. The surrounding corridor functions as a retail and commuter node serving Troy, Rochester Hills, Birmingham, and the broader northern Detroit suburbs. Troy is regarded as one of Michigan's business and retail markets, supported by an educated population, household incomes, and a diverse employment base. The property size is 4,200 square feet.

Key Highlights

• Absolute NNN ground lease offers truly passive ownership.
• Leased to Fifth Third Bank (S&P: A-) for stable income.
• Approximately 7.2 years of lease term remaining with renewal options.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Fifth Third Bank ... Bank ATM (Fifth Third ... Atm

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Electrical Service HVAC Service Furniture & Home Goods Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

439

Businesses Nearby

87k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Shops & Services 39% Home Improvements & Furnishings 3% Beauty & Spa 2%

Taco Bell Dining

14,988 visits/mo 0.4 miles

Shell Shops & Services

13,946 visits/mo 0.3 miles

Wendy's Dining

10,351 visits/mo 0.3 miles

Tim Hortons Dining

9,728 visits/mo 0.3 miles

Sunoco Shops & Services

8,342 visits/mo 0.3 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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Single-tenant NNN ground lease in Troy, Michigan.

Where is this bank located?

The property is located at 3754 Rochester Road Troy, MI.

What is the asking price?

The asking price for this property is $2,416,000.

What are key features of this property?

This property features: Absolute NNN ground lease offers truly passive ownership.; Leased to Fifth Third Bank (S&P: A-) for stable income.; Approximately 7.2 years of lease term remaining with renewal options.