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4320 Carnivore Dr
Sheboygan, WI 53083
Longhorn Steak House · Retail Property For Sale
Investment Highlights
- Brand-New 10-Year Ground Lease, 10% Rental Increases with Darden Corp Credit-Backing
- Strategically Located Next to New 99-Acre Modern Mixed-Use Development (North Town)
- Premier Area Surrounded by Kohler’s American Club, Black Wolf Run & Whistling Straits
- 100% Residual Value Day 1, Modern New Construction Building
- Excellent Visibility, Access & Parking – Directly off Interstate Next Door to Olive Garden (Huge Sales)
Executive Summary
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.???????
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,780 SF
Building Class
B
Year Built
2026
Price
$3,523,912 CAD
Price Per SF
$609.67 CAD
Cap Rate
5.25%
NOI
$185,005 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.17 AC
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