1500 W 18th St S, Newton, IA 50208
MLS Number: 2602108 |
Subtype: Commercial | Area: OT-W (West of I-380)
$
2,145,000
Commercial Investment Opportunity: Absolute NNN Leased Pizza Ranch in Newton, IA
Now available: a fully stabilized net lease property occupied by Pizza Ranch, located at 1500 W 18th St S in Newton, Iowa.
Property Details:
• Building Size: 4,968 square feet
• Lease Type: Absolute NNN (zero landlord responsibilities)
• Lease Term: 15 years (commenced May 1, 2023)
• Annual Rent Increases: Approximately 2%
Financial Overview:
• Asking Price: $2,215,000
• 2025 NOI: $139,970.64
• 2026 NOI: $142,770.05
• 2037 NOI: $181,066.95
Investment Highlights:
• Truly passive ownership with an absolute NNN lease structure
• Tenant covers all expenses, including taxes, insurance, CAM, and all repairs (roof, structure, HVAC, and major systems)
• Built-in annual rent growth for long-term income stability
• Ideal for 1031 exchange investors seeking predictable, long-duration cash flow
Property
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County: Jasper
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Lot Size: 52272
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Acres: 1.2000
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Year Built: 2007
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Zoning: Comm
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Gross tax: $26,060.00
Building
Total Building SF: 4,968
Ceiling Height: 7ft-10ft
Utilities
Heating/Cooling: Central Heat, Gas Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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