12421 W Sunset Hwy Airway Heights, WA

Listing office Kidder Mathews Show Phone

Listing date Nov 24, 2025

Source Moodyscre

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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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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 $1,920,000.

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.