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IHOP 770 Kidder St 3,985 SF Retail Building Wilkes Barre, PA 18702 $3,499,977 CAD ($878.29 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Long Term NNN Lease – The property offers a long term true absolute triple-net lease, with zero landlord responsibilities
- Prime Retail Corridor – Strategically located along Kidder Street, one of Wilkes-Barre’s busiest retail arteries, surrounded by major national tenants
- Strong Demographics – Situated within the Scranton–Wilkes-Barre metropolitan area, the property is supported by 120,000+ residents
- Corporate Guarantee from Dine Brands Global Inc. – The lease is guaranteed by Dine Brands Global (NYSE: DIN), one of the world’s largest full-service
- Excellent Access & Visibility – The property benefits from ±25,000 vehicles per day along Kidder Street and is located less than one mile from I-81
- Legacy Brand Strength – IHOP has been a trusted name in dining since 1969, weathering market fluctuations and remaining a resilient national brand.
EXECUTIVE SUMMARY
Kyle Matthews
License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 73-H10NE3-002-08C-000 | Improvements Assessment | $1,644,952 CAD |
| Land Assessment | $680,930 CAD | Total Assessment | $2,325,882 CAD |
PROPERTY TAXES
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IHOP | 770 Kidder St
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