1500 W 18th St S, Newton, IA 50208
Jasper County
Key Facts
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 Information
Property Type
Commercial Sale
Year Built
2007
Lot Size
1.20 acres
Lot Dimensions
243x214
Zoning
Comm
MLS® Listing#
202602427
Property Features
Cooling
Heating
Flooring
Construction
Roof
Security
Utilities
Water Source
Financial Details
Annual Taxes
$26,060
Tax year 2024
Parcel Number
1304101005
Directions
From I-80 Take Exit 164 Toward US-6 E, Turn on US-6 E , Turn Right onto S 12th Ave W, Turn Right onto W 18th St S
Affordability Calculator
$429,000
Estimated monthly payment
$11,417/mo
Principal $1,716,000 · Est. interest $2,393,973 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newton, IA
- 65
- Median Days on Market
- 1,478
- Median Sq Ft
- $161
- Median Price / Sq Ft
- 108
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Newton, IA.
Location
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Points of Interest in Newton, IA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1805 S 8th Avenue E, Newton, IA | $2,000,000 | 4 | 5 | 3,702 |
| 1500 W 18th St S, Newton, IA | $2,145,000 | — | — | 4,968 |
| 1500 W 18th Street S, Newton, IA | $2,145,000 | — | — | 4,968 |
Moving Cost Estimate
EXIT Agents in Newton
Listing Courtesy: Pinnacle Realty - 3194407245
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