content: Yes, hence the language about the lease. The business is almost 60% through a 25-year lease. The building that owns that lease is being sold for millions, and that valuation is probably supported by the successful business that will be there for at least another 10 years.  Or maybe the owners are selling because they know the IHOP is about to go under and they want to sell the property based on that valuation and not based on one with a bankrupt tenant defaulting on rent. If whoever buys it does their due diligence they will look into the finances of the tenant as much as the owner.