Purchased in conjunction with the acquisition of the Fox Run retail development, this branch has been in operation on the site since 1982. Somerstone successfully extended the term of the ground lease and brokered its sale to a local exchange buyer. Located on the hard corner of St. Paul Avenue and Sunset Drive, this exceptionally well-located asset is the last remaining Chase Bank branch in the city of Waukesha.
Single-tenant NNN ground lease
2,100 SF
Extend lease term and sell
JPMorgan Chase
November 2019
July 2024