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

Features
: Central, Gas
: Central Air
: Sprinkler/Irrigation
: Public Sewer
Address Map
IA
Jasper
Newton
50208
W 18th St S
1500
W94° 55' 25.8''
N41° 41' 10.8''
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
OT-W (West of I-380)
Comm
MLS Addon
Pinnacle Realty LLC
Trev Adair
Sqft0
Sqft0
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Additional Information
Restaurant
: Frame
3 Phase
52272
2026-03-27
https://www.propertypanorama.com/instaview/cdr/2602108
: Public
Financial
26060.0
Listing Information
ADAIRTREV121
CPINN
Cash, Other
Active
2026-03-27T21:00:40Z
CDR
2026-03-27T14:01:03Z

1500 W 18th St S, Newton, Iowa 50208 - Commercial Sale For Sale

1500 W 18th St S, Newton, Iowa 50208

4,968 Sqft
$2,215,000
Listing ID #2602108
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2602108
Price : $2,215,000
Square Footage : 4,968 Sqft
Year Built : 2007
Lot Area : 1.20 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Investment
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent