1500 W 18th St S, Newton, IA 50208
1500 W 18th St S, Newton, IA 50208
1500 W 18th St S, Newton, IA 50208
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$2,145,000
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1.2 Acres Lot
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1500 W 18th St S Newton, IA 50208

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Amir Elgaali

Amir Elgaali

+1(319) 855-0017

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202602427

Year Built 2007

Annual Tax Amount $26,060

Tax Year 2024

Lot Size 1.200 Acres

Acres 1.2

Lot Dimensions 243x214

Property Sub-Type Commercial

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

Location

State IA

Zoning Comm

Direction 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

Interior

Heating Natural Gas

Cooling Central Air

Flooring Concrete Slab Grade, Carpet, Vinyl

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, City Water

Roof Type Metal

Building

Lot Size Range One To Two Acres

Structure Type Frame

Others

Tax ID 1304101005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Pinnacle Realty

NEARBY SCHOOL & BUSINESS

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Amir Elgaali

Amir Elgaali

Agent | License ID: 66564000

+1(319) 855-0017

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1500 W 18th St S