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Listed price in listed location currency (USD).
$2,145,000

000

MLS® 2602108

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 4968 sqft
Garage 
Taxes $26,060
Days Active 36
Lot Size 
Approx. Age 2007
Avg. Price Per Sqft $431
MLS® Number 2602108

Property Address: 1500 W 18th St S, Newton, IA, 50208-4381

Average square foot calculated using Size range provided by listing agent.

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) • Built-in annual rent growth for long-term income stability • Ideal for 1031 exchange investors seeking predictable, long-duration cash flow
MLS® Number2602108
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2007
Basement
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 27, 2026List Date
$2,145,000List Price
  • Commute

Commute

Starting Address
Destination Address
1500 W 18Th St S, Newton, IA

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