Fast Food Restaurant
For Sale
Contact for pricing
835 15th Avenue, Union Grove, WI 53182
Restaurant property for sale in Union Grove, sized for quick-service concepts under a widely franchised brand.
Property Size3,500 SF
Price / SF$342.86
Days on Market108
Property Features for 835 15th Avenue
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Retail
Investment Type
Net Lease
Net Operating Income
$51,198
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #BRK.200900214
(888) 737-2264
Source:
Crexi
Added: Jun 5
Changed: Sep 19
Last Checked: Sep 19 at 7:14AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This offering is a conventional restaurant property presented for sale, with an indicated size of 3,500 square feet. It is positioned to support a quick-service operating model associated with the McDonald’s brand framework.
The property is located at 835 15th Avenue in Union Grove, Wisconsin. The listing materials focus on the McDonald’s organization and franchising approach, including that the majority of restaurants worldwide are owned and operated by independent local business owners.
For buyers or operators evaluating a fast-food concept tied to the McDonald’s brand, the materials highlight a broad, repeatable menu mix, including core categories such as burgers, chicken items, fries, and beverages, along with additional options like breakfast items and fruit and salad offerings. This structure can help support streamlined ordering and multiple dayparts, aligning with the quick-service format that typically benefits from standardized operations.
The property is located at 835 15th Avenue in Union Grove, Wisconsin. The listing materials focus on the McDonald’s organization and franchising approach, including that the majority of restaurants worldwide are owned and operated by independent local business owners.
For buyers or operators evaluating a fast-food concept tied to the McDonald’s brand, the materials highlight a broad, repeatable menu mix, including core categories such as burgers, chicken items, fries, and beverages, along with additional options like breakfast items and fruit and salad offerings. This structure can help support streamlined ordering and multiple dayparts, aligning with the quick-service format that typically benefits from standardized operations.
Key Highlights
- Restaurant property built in 2013
- Sized for quick‑service concepts under a widely franchised brand
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,586
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$971,720
$971.7K
Cap Rate 7%
$694,086
$694.1K
Cap Rate 9%
$539,844
$539.8K
Market Conditions
NOI Build-Up for 3,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.2K $19.20/SF
− Vacancy
−$2.4K −$0.69/SF
EGI
$64.8K $18.51/SF
− OpEx
−$16.2K −$4.63/SF
NOI
$48.6K $13.88/SF
Area
Racine County, WI
Vacancy
3.60%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$971,720
Cap Rate 7%
$694,086
Cap Rate 9%
$539,844
Alternative Uses
Best Use
Specialty Retail
$694.1K
$607.3K – $809.8K
NOI $48,586 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.7K
$736.5K – $982.0K
NOI $58,918 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 31%
Groceries 11%
McDonald's
Dining
14,143 visits/mo
0.1 miles
BP
Shops & Services
5,167 visits/mo
0.2 miles
Liquor Mart
Groceries
3,133 visits/mo
0.2 miles
Parkside Cafe
Dining
1,724 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,332 visits/mo
0.1 miles
Demographics for 53182, WI
9,422
Population
3,471
Households
2.7
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
55.3 sq mi
ZIP Area
170
Density / Sq Mi
$93,175
Median Household Income
$53,210
Median Earnings
$1,067
Median Rent
$305,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property for sale in Union Grove, sized for quick-service concepts under a widely franchised brand.
Where is this conventional restaurant located?
The property is located at 835 15th Avenue Union Grove, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Restaurant property built in 2013; Sized for quick‑service concepts under a widely franchised brand
