1500 W 18th St S, Newton, IA 50208

Building Details

Year Built

2007

Listing office Pinnacle Realty t***@pinnaclerealtyia.com Show Phone

Listing date Apr 5, 2026

Source Pinnaclerealtyia

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Kitchen & Bath Showroom Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Newton

County

Jasper

State

Iowa

Longitude

-93.07614

Latitude

41.686166

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FAQs

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