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770 Kidder St, Wilkes Barre, PA, 18702

IHOP
$2,530,000

Key Information

Cap Rate
6.25%
Term Remaining
±12.6 YRS
Type
Retail
Leasable Area
3,985

Highlights

  • Absolute Long Term NNN Lease – The property offers a long term true absolute triple-net lease, with zero landlord responsibilities—delivering 100% passive income to the investor.
  • 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 dining companies with a track record spanning over 60 years, ensuring long-term stability and credit strength.
  • Prime Retail Corridor – Strategically located along Kidder Street, one of Wilkes-Barre’s busiest retail arteries, surrounded by major national tenants including Walmart, Target, Lowe’s, The Home Depot, and Starbucks. The corridor serves as a key retail destination for the greater Luzerne County area.
  • 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, providing easy regional access and strong visibility to daily commuters and visitors.
  • Strong Demographics – Situated within the Scranton–Wilkes-Barre metropolitan area, the property is supported by 120,000+ residents within a 5-mile radius and a dense concentration of retail, hotel, and employment centers driving consistent customer traffic.
  • Legacy Brand Strength – IHOP has been a trusted name in dining since 1969, weathering market fluctuations and remaining a resilient national brand.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203