12421 W Sunset Hwy Airway Heights, WA
Single-tenant NNN Zip’s Drive-In with over 14 years remaining.
Type:RETAIL
Property size:
2,845 SFLot size:
1.14 Acres- Added:
- Oct 14, 2025
- Days on Market:
- 170
- Last Refresh:
- Mar 29 at 9:21 pm
Property Features for 12421 W Sunset Hwy
General Information
- Standard status
- Active
- Size
- 2,845 SF
- Lot size
- 1.14 Acres
- Property subtype
- RETAIL
Listing agent Kevin Verger (206) 946-9425
Listing office Kidder Mathews (206) 946-9425
Listing date Oct 14, 2025
Source Moodyscre
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
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
Location Insight
- Map
- Local Demand
- City
- Airway Heights
- County
- Spokane
- State
- Washington
- Longitude
- -117.583
- Latitude
- 47.6424
Nearby Similar for Sale
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 $2,057,142.
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.
