1500 W 18th Street S, Newton, IA 50208

Property Description

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) • Builtin annual rent growth for long-term income stability • Ideal for 1031 exchange investors seeking predictable, long-duration cash flow