Commercial Sale
4,968 Sqft - W 18th St S, Newton, Iowa 50208
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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

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

Basic Details
Property Type:
Commercial
Listing Type:
Sale
Listing ID:
2602108
Price:
$2,145,000
Square Feet:
4,968 Sqft
Lot Size:
1.20 Acre
Country:
US
State:
IA
County:
Jasper
City:
Newton
Zipcode:
50208
Features
Heating:
Central, Gas
Cooling System:
Central Air
Parking:
Off Street
Exterior:
Sprinkler/Irrigation
Construction:
Frame
Address Map
Street Number:
1500
Street:
W 18th St S
Floor Number:
0
Longitude:
W94° 55' 25.8''
Latitude:
N41° 41' 10.8''
More Information
Office Name:
Pinnacle Realty LLC
Agent Name:
Trev Adair
Directions:
From I-80 Take Exit 164 Toward US-6 E, Turn on US-6 E , Turn Right onto S 12th Ave W, Turn Right onto W 18th St S
Zoning:
Comm
Lot Dimensions:
52272
LA1Agent Logon Name:
ADAIRTREV121
LA1Agent First Name:
Trev
LA1Agent Last Name:
Adair
LO1Main Office ID:
CPINN
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Trev Adair
Pinnacle Realty LLC
Additional Details
Central Air
Sprinkler/Irrigation
Frame
03/27/2026
From I-80 Take Exit 164 Toward US-6 E, Turn on US-6 E , Turn Right onto S 12th Ave W, Turn Right onto W 18th St S
52272
Urban Acres Real Estate