Commercial Sale
- 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:
202602427
Price:
$2,145,000
Lot Size:
1.20 Acre
Country:
US
State:
IA
City:
Newton
Zipcode:
50208
Features
Heating:
Natural Gas
Cooling System:
Central Air
Roof:
Metal
Construction:
Frame
Address Map
Street Number:
1500
Street Dir Prefix:
W
Street:
18th St S
Floor Number:
0
Longitude:
W94° 55' 25.9''
Latitude:
N41° 41' 10.7''
More Information
Office Name:
Pinnacle Realty
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:
243x214
LA1Agent Logon Name:
i2998
LA1Agent First Name:
Trev
LA1Agent Last Name:
Adair
LO1Main Office ID:
PRC
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Trev Adair
Pinnacle Realty
Additional Details
Central Air
Frame
04/05/2026
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
243x214
Urban Acres Real Estate