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Fifth Third Bank Ground Lease
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3754 Rochester Road, Troy, MI 48083

Single-tenant NNN ground lease in Troy, Michigan.

Property Size4,200 SF
Lot Size1.55 Acres
Price / SF$575.24
Days on Market81

Property Features for 3754 Rochester Road

General Information

Standard status Active
Size 4,200 SF
Class A
Lot size 1.55 Acres
Property subtype Retail, Office, Land
Investment Type Redevelopment

Building Details

Year Built 2006
Listing Agency: Charter Realty
Listed By: Spencer O'Donnell · License #01954051
Source: Crexi
Added: May 23 Changed: Aug 9 Last Checked: Aug 10 at 2:14PM

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 Charter Realty

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

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

931
Businesses Nearby
283k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 44% Apparel 27% Shops & Services 10% Groceries 8%
Nordstrom Rack Apparel
42,798 visits/mo 0.1 miles
McDonald's Dining
23,675 visits/mo 0.2 miles
Fresh Thyme Market Groceries
21,977 visits/mo 0.3 miles
Burger King Dining
16,517 visits/mo 0.1 miles
REI Apparel
16,113 visits/mo 0.2 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.
(888) 737-2264 Call to check price and availability
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