3754 Rochester Rd - Bank FOR SALE


Troy, MI 48083- Rochester Road
$2,416,000 USD
714-400-6267
3754 Rochester Rd, Troy, MI for Sale
$2,416,000 USD
Bank - FOR SALE
1/5
null | 6% Cap Rate

3754 Rochester Rd
Troy, MI 48083
Rochester Road


HIGHLIGHTS

  • Fifth Third Bank – Absolute NNN Ground Lease – 100% leased with zero landlord responsibilities
  • Investment Grade Tenant (S&P: A- | NASDAQ: FITB) – Backed by one of the nation’s largest regional banking institutions
  • 7.2 Years of Firm Lease Term Remaining – Stable in-place cash flow with no near-term rollover risk
  • Four 5-Year Renewal Options with 10% Rent Increases – Built-in contractual rent growth providing long-term income escalation and inflation hedge
  • Exceptional Traffic Exposure – Positioned along Rochester Road (48,110 VPD) with immediate proximity to Interstate 75 (127,758 VPD)
  • Strong In-Place Branch Deposits ($103M+) – Significant branch deposit base demonstrates strong operating performance

OVERVIEW

We are pleased to present the opportunity to acquire a single-tenant, absolute triple-net (NNN) ground lease Fifth Third Bank located in Troy, Michigan, one of the most affluent and densely populated suburbs within the Detroit MSA. 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), providing stable passive income backed by a nationally recognized banking platform. The offering features approximately 7.2 years of firm lease term remaining with four additional 5-year renewal options containing 10% rental increases at each option period, creating long-term income growth and inflation protection. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, including roof, structure, taxes, insurance, and maintenance, providing truly passive ownership. The property is strategically positioned at 3760 Rochester Road, along one of the area's primary commercial corridors with exceptional visibility and traffic exposure. The site benefits from approximately 48,110 vehicles per day along Rochester Road and immediate proximity to Interstate 75, which carries approximately 127,758 vehicles per day, making this one of the strongest retail and commuter corridors within Oakland County. This offering is further differentiated by the branch's exceptional deposit base exceeding $103 million, demonstrating strong in-place operating performance and long-term commitment to the location. Within the banking sector, branch deposits remain one of the strongest indicators of branch viability and long-term occupancy stability. Situated on a large 1.55-acre parcel in an affluent suburban trade area, the property is surrounded by dense residential communities, major employers, and a strong concentration of national retailers and service-oriented businesses throughout the Rochester Road and Troy retail corridor, including Target, Meijer, Kroger, Starbucks, Chick-fil-A, Costco, Walmart, The Home Depot, Lowe's, and numerous additional national retailers supporting daily consumer traffic. The surrounding corridor functions as a dominant retail and commuter node serving Troy, Rochester Hills, Birmingham, and the broader northern Detroit suburbs. Troy is widely regarded as one of Michigan's premier business and retail markets, anchored by a highly educated population, strong household incomes, and a diverse employment base supported by automotive, financial services, technology, healthcare, and corporate headquarters operations. This offering represents a rare opportunity to acquire an investment-grade absolute NNN ground lease bank asset in a premier Midwest suburban market, combining passive cash flow, contractual rent growth, strong branch fundamentals, and institutional-quality real estate. Exclusively Listed in association with Brian Brockman | License No. 6502428679

FOR SALE DETAILS

PRICE

$2,416,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

-

APN/PARCEL ID

20-23-100-092

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.