770 Kidder St - Restaurant FOR SALE
Wilkes Barre, PA 18702 |
$2,530,000 USD
858-449-4864
770 Kidder St
Wilkes Barre, PA 18702
HIGHLIGHTS
- Absolute Long Term NNN Lease – The property offers a long term true absolute triple-net lease, with zero landlord responsibilities
- 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
- Prime Retail Corridor – Strategically located along Kidder Street, one of Wilkes-Barre’s busiest retail arteries, surrounded by major national tenants
- 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
- Strong Demographics – Situated within the Scranton–Wilkes-Barre metropolitan area, the property is supported by 120,000+ residents
- Legacy Brand Strength – IHOP has been a trusted name in dining since 1969, weathering market fluctuations and remaining a resilient national brand.
FOR SALE DETAILS
PRICE
$2,530,000 USD
PRICE/SF
$635 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
0.67 AC
LAND SF
29,185 SF
ZONING
-
APN/PARCEL ID
73-H10NE3-002-08C-000
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858-449-4864
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858-449-4864
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