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    12421 W Sunset Hwy Airway Heights, WA 99224

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    For Sale
    $2,220,000

    Single-tenant NNN Zip’s Drive-In with over 14 years remaining.

    Property size:
    2,845 SF
    Lot size:
    1.14 Acres

    Property Features for 12421 W Sunset Hwy

    General Information

    Size
    2,845 SF
    Lot size
    1.14 Acres

    Source: Kidder Mathews Agent Kevin Verger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Airway Heights NNN Investment Opportunity

    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%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.5829847
    Latitude
    47.6423555

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    FAQs

    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 $2,220,000.
    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.
    (206) 946-9425
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    12421 W Sunset Hwy Airway Heights, WA 99224
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    Airway Heights, WA 99224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12421 W Sunset Hwy Airway Heights, WA 99224
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