LongHorn Steakhouse · Sheboygan, WI

LongHorn Steakhouse Absolute NNN

4320 Carnivore Drive · Sheboygan, WI 53083 · QSR / Restaurant

Asking price

$2,410,000

Cap rate

5.60%

NOI

$135,000

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Lease

Lease typeAbsolute NNN

Term remaining9.7 yrs

Expiration03/2036

Rent bumps10.0% Every 5 Years

Options4 x 5 Years

Ground leaseYes

Credit profile—

TenancySingle

Planning a 1031 Exchange

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Property

Building SF5,780

Price / SF$417

Year built2026

Lot size2.17 ac

TypeRestaurant

Days on market11

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Absolute NNN ground lease with ±9.7 years of primary lease term remaining
Adjacent to 99-acre North Town Mixed Use Development w/ 600+ residential units
5 of the state’s finest golf courses sit within a 20-mile radius, including Whistling Straits & Blackwolf Run
32% population growth since 2010 within 1-mile radius, with $125K in AHHI
Anchored by Kohler Co., one of America’s oldest and largest privately held companies with 30,000+ employees
Interstate frontage off the I-43 /WIS-42 interchange with 46,000+ VPD
Adjacent to new construction Home2 Suites and Hampton Inn with 184 rooms
The adjacent Olive Garden's strong performance in this trade area drove Darden's decision to make a second investment here with LongHorn, pairing the portfolio's two largest concepts on one corridor

Property overview

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant LongHorn Steakhouse in Sheboygan, Wisconsin ("Property" or "Asset"). The Property is operating on an absolute NNN ground lease with ±9.7 years of primary lease term remaining, 10% rent escalations every 5 years, and four five-year renewal options.

WI Broker of Record: Jaime Fink: WI License #: 54163-90

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.