1500 W 18th St S

ANDERSON HURST LOT 1If you are looking for strictly passive income with no work, I would highly recommend taking a look at this Pizza Ranch building as investing in an annuity stream of payments. You are purchasing a long-term fully guaranteed lease. If you have ever heard of Pizza Ranch, they sell chicken and pizza buffet style and have a significant following. Their business model is simple and they will sign a 15-year absolute net lease where the tenant pays for all building and property improvements maintenance, including paving a new parking lot, replacing hvac, etc. Overview: Commercial Building For Sale that includes an Absolute NNN Pizza Ranch | 15-Year Lease | ~2% Annual Increases | Newton, IA. Stabilized net lease investment featuring Pizza Ranch at 1500 W 18th St S, Newton, IA Building: 4,968 Sqft. The property is secured by a 15-year Absolute NNN lease (commenced 5/1/2023) with ~2% annual rent escalations and landlord-passive responsibilities. Asking Price: $2,145,000 Income Summary: Years | Accumulated Income 5 Years | $704,830.11 | 10 Years | $1,493,287.58 | 15 Years | $2,363,808.35 | 20 Years | $3,324,933.61 | Highlights: Absolute NNN lease – highly passive ownership Tenant responsible for taxes, insurance, CAM Tenant responsible for all repair including roof, structure, HVAC, and major systems 15-year term commenced 5/1/2023 ~2% annual rent growth Strong fit for 1031 exchange buyers seeking long-duration income Note(s): 1. Every Pizza Ranch franchise agreement is tied that particular building, so they can't go build another one and leave your location. 2: A Pizza Ranch franchisee is required to have $250,000 liquid funds sitting in an account that's tied to this building. 3. Pizza Ranch corporate requires their franchisee to renew their franchisee license every 10 years. This absolute net lease is for 15 years. The franchisee will be required to renew their franchise license to this location in 2033 for another 10 years so that takes this lease 5 years past this May 2038 renewal, which means income through 2043. 4. Building paid off in year 14 (or sooner) resulting in $181,000 + in annual income or $15,000 / monthly income. Let me know if you have any questions. Happy to help.