Triple-Net Bank Ground
3754 Rochester Rd Troy, MI 48083
3754 Rochester Rd, Troy, MI, 48083
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For Sale
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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
Price / SF$575.24
Days on Market51
Property Features for 3754 Rochester Rd
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 1.55 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agency
Charter Realty
Listed by
Spencer O'Donnell · License #01954051
Source
Crexi
Added: Jun 2 Updated: Jul 22 at 7:00AM Checked: Jul 22 at 7:00AM
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
Location Intelligence
Current Use by Public Records
Fifth Third Bank ...
Bank
ATM (Fifth Third ...
Atm
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FAQs
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
