Part of the Shops at Meadow Ridge development, Somerstone executed a 15-year ground lease with Chick-Fil-A Inc. for the construction of a new Chick Fil A restaurant on Lot 2 in the development. With excellent visibility along the Capitol Drive corridor in Pewaukee and ample space for the dual-drive thru model, the store is a top performer. The property was successfully sold to a 1031 exchange buyer out of Texas shortly after the restaurant opened.
Single-tenant NNN ground lease
2.09 acres
Development
February 2019
May 2019