Contact us: 563.441.1776
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 Highlights
Property Type: Commercial - Business
Year Built: 2007
Lot Size: 1.20 acres
General Information
County: Jasper
Listed By:
Pinnacle Realty
319-440-7245
Trev Adair
ICAAR MLS
MLS ID: 202602427
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1500 W 18th St S, Newton, IA 50208.
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