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About This Home
This 0-bedroom, 0-bathroom commercial at 1500 W 18th St S in Newton, IA is listed for $2,145,000 ($432 per sqft). Built in 2007, the home offers 4,968 sqft of living space on a 1.20 acres lot.
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
Key Features
- Built in 2007
- 1.20 acre lot
Property Details
Amenities
Monthly Cost Estimate
$11,472/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1500 W 18th St S
Newton, IA 50208
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1500 W 18th St S is listed at $2,145,000 ($432/sqft). The estimated monthly payment is $9,295 based on 20% down at 6.5% interest.
Key features include: Built in 2007, 1.20 acre lot.
This property is listed by Trev Adair and can be reached at (319) 350-9476 or trev@pinnaclerealtyia.com.