770 Kidder St - Restaurant FOR SALE
Wilkes Barre, PA 18702 |
770 Kidder St
Wilkes Barre, PA 18702
HIGHLIGHTS
- Corporate lease with IHOP and guarantee from Dine Brands Global, Inc.
- IHOP corporate assumed operation of this location in 2024, showing long-term commitment to the site
- Visits have increases 16% year-over-year since IHOP corporate took over (Placer.ai)
- Absolute net 13 years remaining on the lease term
- 10% rent increases every five years, including the option periods
- Significant drawing power from the VA Medical Center, Mohegan Sun Arena, and Mohegan Sun Pocono Casino
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
IHOP - Corporate Absolute Net Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
3985
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
73-H10NE3-002-08C-000
