12421 W Sunset Hwy
Airway Heights WA 99001

12421 W Sunset Highway

12421 W Sunset Hwy Airway Heights WA 99001

Listing #: 711817 | Status: Available | Last Modified: 6/24/2026 |

For Sale
Kevin Verger
  • Phone:(206) 946-9425
  • Email:kevin.verger@kidder.com
  • Office Name:Kidder Mathews
  • Office Phone:(208) 362-8600
  • Office Website:
Maggie Verger
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,920,000.0
  • $/SF$ 674.9
  • Listing StatusAvailable
  • Days on Market80
  • Asset ClassRetail
  • Terms
Investment Information
  • Investment Type
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors1
  • # of Units
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF2845
  • Net Rentable Area2845
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF49449
  • Acres1.14
Property Type
  • Property TypeRetail
  • Office Type
  • Building Class
Location
  • CountySpokane
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaWest Plains
  • Tax ID #15261.0025
  • Additional Parcels
  • ZoningC-2
Construction
  • Year Built1987
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction Type

Zip’s Drive-In

Public Comments

We are pleased to present the opportunity to acquire a Single-Tenant NNN Zip’s Drive-In with over 14 years remaining on the lease. The property features 3% annual rent escalations beginning in 2030, providing both a hedge against inflation and consistent rent growth through 2039. Strategically located on West Sunset Highway (US-2), Airway Heights’ primary retail corridor, the property is surrounded by national retailers including Yoke’s, Walmart, AutoZone, and Domino’s. Its frontage along US-2, with convenient access to Interstate 90 and Spokane International Airport, ensures excellent visibility and strong regional connectivity. With less than 1.5% retail vacancy in the Airway Heights market as of Q2 2025 (CoStar), this offering represents a rare opportunity to acquire a high-performing, long-term leased asset in one of the most desirable submarkets in the region. INVESTMENT HIGHLIGHTS: - Minimal Landlord Responsibilities: Operating under a Triple Net (NNN) lease, Zip's Drive-In assumes nearly all property expenses, including taxes, insurance, and maintenance, protecting future ownership from rising operating expenses. - Long-Term Tenant Commitment: Zip's Drive-In has occupied the building since it was constructed in 1987, and recently executed a new 20-year lease in 2020, demonstrating their commitment to the location. - Built-in Inflation Protection: Future ownership will benefit from 3% rent increases every year beginning in 2030, offering a hedge against inflation and consistent rent growth through 2039. - Well Established Operator: The current operator has been with Zip's Drive-In for over 25 years, and has been at this location since 2009. - Prominent Retail Corridor: Located on West Sunset Highway (US-2), Airway Heights’ primary retail corridor, the property is surrounded by national retailers including Yoke’s, Walmart, AutoZone, and Domino’s, reinforcing the area’s long-term viability as the region’s retail hub. - Minimal Sub-Market Vacancy: According to CoStar, retail vacancy within Airway Heights is less than 1.5% as of Q2 2025.

Listing Images