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Hardee's 2-Property Restaurant Portfolio
For Sale
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640 W Fulton St, Waupaca, WI 54981

Restaurant portfolio combining owned real estate with a ground-leased location.

Property SizeContact for details
Days on Market143

Property Features for 640 W Fulton St

General Information

Standard status Active
Property subtype Retail

Additional Details

Business Included Yes

Building Details

Abandoned No
Listing Agency: SRS Real Estate Partners Newport Beach
Listed By: Winston Guest, CCIM · License #CA 02046877
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:28AM

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 SRS Real Estate Partners Newport Beach

Investment Insights

Based on property information with market context.

This offering includes two Hardee’s restaurant operations in Wisconsin, with different real estate structures across the portfolio. The Waupaca operation includes the underlying property, while the Fond du Lac location operates under a ground lease with more than 9 years remaining and (4) 5-year options.

Sales at the Waupaca store increased from 2021 through April 2024 TTM. The Fond du Lac operation recorded improving sales and profitability in 2024 after the ownership group hired a store manager with 10 years of experience at Burger King.

A new Meijer Hospital is being developed directly behind the Fond du Lac restaurant on the former Forest Mall site, which closed in 2020.

Key Highlights

  • Two Hardee’s restaurant operations located in Waupaca and Fond du Lac, Wisconsin
  • Waupaca operation includes the underlying real estate
  • Fond du Lac site has 9+ years remaining on its ground lease

Property Analytics

Current Use

Hardee's Restaurant

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom HVAC Service Storage Facility Bakery Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby
Under-served
Demand for This Use

Demographics for 54981, WI

14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant portfolio combining owned real estate with a ground-leased location.
Where is this conventional restaurant located?
The property is located at 640 W Fulton St Waupaca, WI.
What are key features of this property?
This property features: Two Hardee’s restaurant operations located in Waupaca and Fond du Lac, Wisconsin; Waupaca operation includes the underlying real estate; Fond du Lac site has 9+ years remaining on its ground lease
More about this property
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