Restaurant
IHOP - Corporate Absolute Net Lease
770 Kidder St, Wilkes-Barre, PA 18702
Listing Price: $2,750,000
Investment Overview
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 just over 13 years remaining on the term. The lease has an absolute net expense basis with 10% rent increases every five years.
Broker of Record
Listing Price: $2,750,000
Investment Highlights
- IHOP corporate lease
- 13+ years remaining on the term
- 10% increases every five years
Investment Overview
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 just over 13 years remaining on the term. The lease has an absolute net expense basis with 10% rent increases every five years.
Broker of Record
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