Fifth Third Bank | Abs NNN Ground Lease | $103M+ Deposits
Affluent Suburb of Detroit | High Traffic Counts
Marketing description
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
Investment highlights
- Fifth Third Bank - Absolute NNN Ground Lease - 100% leased with zero landlord responsibilities, including roof, structure, taxes, insurance, and capital expenditures, providing truly passive ownership
- Investment Grade Tenant (S&P: A- | NASDAQ: FITB) - Backed by one of the nation's largest regional banking institutions with over $200 billion in assets
- 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
- Strong In-Place Branch Deposits ($103M+) - Significant branch deposit base demonstrates strong operating performance and long-term location viability
- Exceptional Traffic Exposure - Positioned along Rochester Road (48,110 VPD) with immediate proximity to Interstate 75 (127,758 VPD)
- Premier Troy, Michigan Location - Located within one of Metro Detroit's most affluent and densely populated suburban markets
- Large 1.55-Acre Parcel - Well-positioned corner parcel supporting long-term real estate value and future adaptability
- Affluent Oakland County Demographics - Strong surrounding household incomes and dense residential population support long-term banking demand
- Dominant Retail Corridor - Positioned within one of Oakland County's strongest suburban commercial corridors with proximity to national retailers including the Somerset Collection, one of the highest-performing luxury destination retail centers in the Midwest
- Necessity-Based Financial Institution - Retail banking locations remain critical infrastructure supporting deposits, lending, treasury management, and consumer banking services
- Institutional Quality Real Estate - Highly visible infill location within a mature, supply-constrained suburban corridor
- Passive Investment Structure - Ground lease format minimizes operational exposure and eliminates ongoing management responsibilities
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