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$ 2,145,000
Est. payment | /mo
1.2 Acres Lot
$ 2,145,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 745068
HOA Y/N No
Year Built 2007
Annual Tax Amount $26,060
Lot Size 1.200 Acres
Acres 1.2
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) • Builtin annual rent growth for long-term income stability • Ideal for 1031 exchange investors seeking predictable, long-duration
cash flow
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) • Builtin 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 Newton
Zoning Comm
Interior
Fireplace No
Exterior
Private Pool No
Others
Tax ID 1304101005
Monthly Total Fees $2, 171
Acceptable Financing Cash, See Remarks
Listing Terms Cash, See Remarks
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Listed by Pinnacle Realty, LLC