REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,145,000
Est. payment | /mo
1.2 Acres Lot
$ 2,145,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 745068
HOA Y/N No
Year Built 2007
Annual Tax Amount $26,060
Lot Size 1.200 Acres
Acres 1.2
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
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
Location
State IA
County Jasper
Area Newton
Zoning Comm
Interior
Fireplace No
Exterior
Private Pool No
Others
Tax ID 1304101005
Monthly Total Fees $2, 171
Acceptable Financing Cash, See Remarks
Listing Terms Cash, See Remarks
©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Pinnacle Realty, LLC
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty