1500 W 18th St S Newton, IA 50208
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,968 sqft
Price per Sqft $431
MLS Listing ID 2602108
HOA Y/N No
Total Fin. Sqft 4968
Year Built 2007
Annual Tax Amount $26,060
Lot Size 1.200 Acres
Acres 1.2
Property Sub-Type Investment
Property Description
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
County Jasper
Area Ot-W (West Of I-380)
Zoning Comm
Interior
Interior Features InteriorFeatures
Heating Central, Gas
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Exterior Feature Sprinkler/Irrigation
Parking Features Off Street
Water Access Desc Public
Building
Building Description Frame, Kitchen Facilities,Private Restrooms,Pole Sign,Single-Tenant
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Tax ID 13.04.101.005
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Virtual Tour https://www.propertypanorama.com/instaview/cdr/2602108
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