12421 W Sunset Highway, Airway Heights, WA 99001

$1,800,000

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Listing courtesy of Kidder Mathews.

List Price
$1,800,000
Status
ACTIVE
MLS#
2510789
Price Change
▼ $120,000 1785278813
Days on Market
277

Property Description

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.

Additional Information

Community
Airway Heights
Style
75 - Retail
Year Built
1987
Potential Terms
See Remarks
Driving Directions
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Energy Source
See Remarks
Net Operating Income
$144,000
Cap Rate
8
Based on information submitted to the MLS GRID as of . 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.

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