LongHorn Steakhouse
Retail | 5.50% CAP | 5,780 SqFt
Marketing description
Northmarq is pleased to present a rare opportunity to acquire a newly constructed LongHorn Steakhouse Ground Lease located at 4320 Carnivore Drive, Sheboygan, WI 56083 (the “Property”). The offering consists of a new construction property sitting on a 2.17-acre parcel, with a brand-new 10-year absolute NNN ground lease with four (4) five (5) year options. Scheduled to open in March 2026, the Property is being delivered as a state-of-the-art LongHorn Steakhouse prototype, providing investors with turnkey stability, passive income, and no landlord responsibilities.
Investment highlights
Brand-New 10-Year Ground Lease, 10% Rental Increases with Darden Corp Credit-Backing
100% Residual Value Day 1, Modern New Construction Building
Strategically Located Next to New 99-Acre Modern Mixed-Use Development (North Town)
Excellent Visibility, Access & Parking – Directly off Interstate Next Door to Olive Garden (Huge Sales)
Premier Area Surrounded by Kohler’s American Club, Black Wolf Run & Whistling Straits
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