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770 Kidder St
Wilkes Barre, PA 18702 Wilkes-Barre

$2,530,000 USD

Restaurant For Sale  •  3,985 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,985 SF
  • Lot Size 0.67 AC
  • Building Class C
  • Year Built 2018
  • Cap Rate 6.25 %
  • Tenancy Single
0 Transit Score
55 Walk Score

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.
Cap Rate: 6.25 %

Major Tenants

Tenant SF Occupied Lease End Date
IHOP

Public Transportation

AirportDriveWalkDistance
Wilkes-Barre/Scranton International 17 min - 9.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 49
Type: Surface
Included in Rent: Yes
Blake Wagenseller 858-449-4864 Matthews Real Estate Investment Services
Blake Wagenseller 858-449-4864 Matthews Real Estate Investment Services