Long-Term Corporate Lease: IHOP has 13 years remaining on the lease and a corporate guarantee from Dine Brands Global, Inc. No Landlord Responsibilities: The lease has an absolute net expense basis and the tenant pays directly for all expenses; truly passive investment without any landlord obligations Favorable Rent Increases: The landlord enjoys predictable increasing cash flow with fixed 10% rent increases every five years during the lease term and option periods Huge Increase in Store Visits: A new operator took over this location in 2024 and has increased store visits by 26% in the last year (Placer.ai); the restaurant is now open 24 hours on weekends Near Major Traffic Generators: The property is located near Wilkes-Barre VA Medical Center, Mohegan Sun Arena, Mohegan Sun Pocono Casino, and several hotels, which bring thousands of people to the trade area each day Exceptional Retail Location: IHOP is in the largest retail node in Wilkes-Barre and benefits from the drawing power created by Target, Walmart, Lowe’s, Home Depot, Sam’s Club, Wegmans, Price Chopper, JCPenney, Ross, Marshalls, and more