Marcus & Millichap has been selected to exclusively market for sale IHOP located at 770 Kidder Street in Wilkes-Barre, Pennsylvania. The subject property is a single-tenant restaurant building located across from the Wyoming Valley Mall. The property was constructed as a build-to-suit for IHOP in 2018 and has 13 years remaining on the term. The lease has an absolute net expense basis with 10% rent increases every five years. The property has a corporate lease with IHOP Leasing, LLC, and is guaranteed by Dine Brands Global, Inc. The guarantor operates more than 3,500 restaurants worldwide, making it one of the largest casual dining restaurants operators in the world. The company owns and operates IHOP, Applebee's, and Fuzzy's Tacos restaurants. Dine Brands had revenue of $831 million and net income of $97 million in 2023. IHOP is near the Wilkes-Barre VA Medical Center, Mohegan Sun Arena, Wyoming Valley Sports Dome, Mohegan Sun Pocono Casino, Geisinger Wyoming Valley Medical Center, and Allied Services Medical Center. There are numerous hotels in the area; Days Inn, Host Inn, Fairfield Inn & Suites, and Wilkes-Barre Inn and Suite are located adjacent to IHOP. These major land uses and hotels create significant drawing power bringing thousands of people to the trade area each day. The building is also located in a major commercial node that is developed with several large shopping centers. The Wyoming Valley Mall is located across the street. This mall is anchored by Macy’s, JCPenney, Ashley Homestore, and H&M. National retailers in the immediate area also include Walmart, Target, Sam’s Club, Home Depot, Lowe’s, Kohls, Burlington, Bed Bath & Beyond, Michaels, Marshalls, Ross, TJ Maxx, Dick’s Sporting Goods, Petco, and PetSmart.