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
- Phone:(206) 946-9425
- Email:kevin.verger@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(206) 600-8500
- Agent Email:Maggie.verger@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,920,000.0
- $/SF$ 674.9
- Listing StatusAvailable
- Days on Market80
- Asset ClassRetail
- Terms
- Investment Type
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- 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 TypeRetail
- Office Type
- Building Class
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWest Plains
- Tax ID #15261.0025
- Additional Parcels
- ZoningC-2
- Year Built1987
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Zip’s Drive-In
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.













