Absolute NNN Leased Pizza
For Sale
$2,145,000
1500 W 18th St S, Newton, IA 50208
A fully stabilized Absolute NNN lease with Pizza Ranch provides long-term, tenant-paid operating expenses.
Property Size52,272 SF
Price / SF$41.04
Days on Market139
Property Features for 1500 W 18th St S
General Information
Standard status
Active
Size
52,272 SF
Property subtype
Commercial
Zoning
Comm
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$26,060
Amenities
ConcreteSlabGrade,Carpet,Vinyl
243x214
1.2
Highway
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Pinnacle Realty
(319) 550-2125
Listed By:
Trev Adair · License #322502720
(319) 550-2125
Source:
Pinnaclerealtyia
Added: Apr 5
Changed: Aug 21
Last Checked: Aug 21 at 4:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty
Investment Insights
Based on property information with market context.
This offering is an absolute NNN leased restaurant property occupied by Pizza Ranch. The building totals 4,968 square feet and is structured as an absolute net lease, meaning the landlord has zero responsibilities for expenses and major building items. Tenant coverage includes taxes, insurance, CAM, and all repairs, including roof, structure, HVAC, and major systems. The lease commenced May 1, 2023 with a 15-year initial term, and it includes annual rent increases of approximately 2%.
The property is located at 1500 W 18th St S in Newton, Iowa. It is presented for sale as a fully stabilized, long-duration net lease investment with published operating income figures, including 2025 NOI of $139,970.64 and 2026 NOI of $142,770.05.
For investors seeking predictable, long-term cash flow backed by an absolute NNN structure, the tenant’s responsibility for expenses and repairs is a key consideration. Ownership is designed to be largely hands-off given the lease framework, while the contract includes built-in annual rent growth. The listing is offered for sale at an asking price of $2,215,000.
The property is located at 1500 W 18th St S in Newton, Iowa. It is presented for sale as a fully stabilized, long-duration net lease investment with published operating income figures, including 2025 NOI of $139,970.64 and 2026 NOI of $142,770.05.
For investors seeking predictable, long-term cash flow backed by an absolute NNN structure, the tenant’s responsibility for expenses and repairs is a key consideration. Ownership is designed to be largely hands-off given the lease framework, while the contract includes built-in annual rent growth. The listing is offered for sale at an asking price of $2,215,000.
Key Highlights
- Absolute NNN leased Pizza Ranch in Newton, IA at 1500 W 18th St S
- 4,968 SF building built in 2007 on a 1.2‑acre lot with highway road frontage
- Lease commenced May 1, 2023 with a 15‑year term; tenant occupies the property
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50208, IA
20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A fully stabilized Absolute NNN lease with Pizza Ranch provides long-term, tenant-paid operating expenses.
Where is this conventional restaurant located?
The property is located at 1500 W 18th St S Newton, IA.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: Absolute NNN leased Pizza Ranch in Newton, IA at 1500 W 18th St S; 4,968 SF building built in 2007 on a 1.2‑acre lot with highway road frontage; Lease commenced May 1, 2023 with a 15‑year term; tenant occupies the property
