Airway Heights NNN Investment
For Sale
$1,800,000
12421 W Sunset Hwy, Airway Heights, WA 99001
Single-tenant NNN Zip’s Drive-In with over 14 years remaining.
Property SizeContact for details
Days on Market315
Property Features for 12421 W Sunset Hwy
General Information
Standard status
Active
Building Details
Year Built
1987
Listing Agency:
Kidder Mathews
Listed By:
Kevin G. Verger · License #26206
(360) 705-2800
Source:
Navidirealty
Added: Nov 24, 2025
Changed: Sep 21
Last Checked: Oct 4 at 3:01PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This single-tenant NNN Zip’s Drive-In property has over 14 years remaining on the lease. The property is located on West Sunset Highway (US-2), the primary retail corridor of Airway Heights, and is surrounded by national retailers including Yoke’s, Walmart, AutoZone, and Domino’s. Its location along US-2, with convenient access to Interstate 90 and Spokane International Airport, provides visibility and regional connectivity. The operator has been with Zip's Drive-In for over 25 years, and has been at this location since 2009. The building has been occupied by Zip's Drive-In since its construction in 1987, and a new 20-year lease was executed in 2020. The property benefits from 3% annual rent escalations beginning in 2030 through 2039. The property operates under a Triple Net (NNN) lease, with Zip's Drive-In assuming nearly all property expenses, including taxes, insurance, and maintenance. The property size is 2845 square feet. As of Q2 2025, retail vacancy within Airway Heights is less than 1.5%.
Key Highlights
- Long‑Term NNN Lease: Over 14 years remaining, tenant assumes nearly all expenses.
- Low Retail Vacancy: Located in Airway Heights, less than 1.5% retail vacancy.
- Rent Escalations: Features 3% annual rent escalations beginning in 2030.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 99001, WA
8,859
Population
2,739
Households
3.2
Avg Household Size
34
Median Age
18%
College-Educated
91%
High-School Grad
8.0 sq mi
ZIP Area
1,107
Density / Sq Mi
$60,182
Median Household Income
$34,200
Median Earnings
$1,271
Median Rent
$281,100
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Single-tenant NNN Zip’s Drive-In with over 14 years remaining.
Where is this drive through restaurant located?
The property is located at 12421 W Sunset Hwy Airway Heights, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Long‑Term NNN Lease: Over 14 years remaining, tenant assumes nearly all expenses.; Low Retail Vacancy: Located in Airway Heights, less than 1.5% retail vacancy.; Rent Escalations: Features 3% annual rent escalations beginning in 2030.
