Property Details
12421 W Sunset Highway
Airway Heights, WA 99001
$1,920,000
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Property Overview
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.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Spokane
Neighborhood
Airway Heights
Listed
Apr 21, 2026
Financial Summary
Cap Rate
7.50%
Net Operating Income
$144,000
Building & Use
Building Sq Ft
2,845
Zoning
Retail
Possible Use
Retail
Lot Size
1.13 acres
Year Built
1987
Exterior & Lot
Lot Size
1.13 sqft
Year Built
1987
Sewer
Available
Water Source
See Remarks
Location
City
Airway Heights
County
Spokane
Coordinates
47.64236, -117.58299
Additional Information
Possession
Array
Based on information submitted to the MLS GRID as of April 22, 2026 2:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
