Triple-Net Bank Ground
For Sale
Contact for pricing
Pending
3754 Rochester Rd, Troy, MI 48083
Absolute NNN ground lease with a single tenant, Fifth Third Bank, and a remaining firm term of about 7.2 years.
Property Size4,200 SF
Lot Size1.55 Acres
Days on Market98
Property Features for 3754 Rochester Rd
General Information
Standard status
Pending
Size
4,200 SF
Lot size
1.55 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$145,000
Site & Location
Traffic Count
48,110 vehicles/day
Highway Access
Yes
Additional Details
Lease Term
86 months
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Charter Realty
Listed By:
Spencer O'Donnell · License #01954051
Source:
Crexi
Added: Jun 2
Changed: Aug 25
Last Checked: Sep 6 at 7:42AM
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 offering presents an absolute triple-net (NNN) ground lease with Fifth Third Bank as the sole tenant. The structure is described as an absolute NNN ground lease with zero landlord responsibilities, including roof, structure, taxes, insurance, and maintenance. The lease includes approximately 7.2 years of firm term remaining and four additional 5-year renewal options with 10% rental increases at each option period.
The property is located at 3754 Rochester Rd in Troy, Michigan, on a major commercial corridor with reported high traffic exposure along Rochester Road and nearby access to Interstate 75. The site is situated on a 1.55-acre parcel.
The asset is reported to be 100% leased to Fifth Third Bank, National Association, and is presented as investment-grade through its described S&P A- rating. The bank branch is also described as having an exceptional deposit base exceeding $103 million.
The property is located at 3754 Rochester Rd in Troy, Michigan, on a major commercial corridor with reported high traffic exposure along Rochester Road and nearby access to Interstate 75. The site is situated on a 1.55-acre parcel.
The asset is reported to be 100% leased to Fifth Third Bank, National Association, and is presented as investment-grade through its described S&P A- rating. The bank branch is also described as having an exceptional deposit base exceeding $103 million.
Key Highlights
- Single‑tenant absolute NNN ground lease with Fifth Third Bank (100% leased) in Troy, MI
- About 7.2 years of firm lease term remaining, plus four additional 5‑year renewal options with 10% rental increases at each option
- Absolute NNN structure with zero landlord responsibilities, including roof, structure, taxes, insurance, and maintenance
Property Analytics
Property Profile
Current Use
Lease Details
48,110 VPD
Traffic count
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground lease with a single tenant, Fifth Third Bank, and a remaining firm term of about 7.2 years.
Where is this nnn property located?
The property is located at 3754 Rochester Rd 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: Single‑tenant absolute NNN ground lease with Fifth Third Bank (100% leased) in Troy, MI; About 7.2 years of firm lease term remaining, plus four additional 5‑year renewal options with 10% rental increases at each option; Absolute NNN structure with zero landlord responsibilities, including roof, structure, taxes, insurance, and maintenance
