1500 W 18th St S Newton, IA 50208
Other
MLS #: 2602108
Courtesy Of Pinnacle Realty LLC
Property InformationDescription
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
Features
- Age: 11-20 Years Old
- Exterior Type: Frame
- Legal Description: ANDERSON HURST LOT 1
- MLSID: 2602108
MAP & DIRECTIONS
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