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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
| DAYS ON MARKET | 17 | LAST UPDATED | 4/12/2026 |
|---|---|---|---|
| YEAR BUILT | 2007 | COMMUNITY | OutOfArea |
| COUNTY | Jasper | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | OutOfArea |
| CONSTRUCTION | Frame |
| HEAT | Natural Gas |
| LOT | 1.2 acre(s) |
| LOT DIMENSIONS | 243x214 |
| TAXES | 26060 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available |
| WATER | Public |
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Listing provided by Trev Adair, Pinnacle Realty
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