12421 W Sunset Highway Airway Heights, WA $ 2,200,000
12421 W Sunset Highway
$ 2,200,000
Share Save

12421 W Sunset Highway

Airway Heights, WA, 99001
$ 2,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 13,725

Listed by Kidder Mathews
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 1
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 2
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 3
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 4
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 5
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 6
12421 W Sunset Highway, Airway Heights, WA 99001 - Image 7

Commercial Property for sale in Airway Heights, WA

for $2,200,000. This building was built in 1987 on a lot size of 1.1341.

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. 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.

See more

Commercial Active

Price

$ 2,200,000

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

1.1341

Year Built

1987

Town/City

Airway Heights

County/Region

Spokane

MLS | Web ID

2444574

Features
General
Living Area 0
Sewer Available
Heating Other See Remarks
Cooling Other See Remarks
Possession See Remarks
HOA Fee 0
Year Built 1987
Property Subtype Commercial Industrial
County Spokane
Net Operating Income 144000
Property Type Commercial Sale
HOA N
Subdivision Name Airway Heights
Possible Use Retail
Special Listing Conditions None
Status Active
Directions Use your Smartphone Maps App.
City Airway Heights
Senior Community Y/N N
Zoning Description Retail
Number Of Units Total 0
MLS Area 561 - Spokane County
Lot Size Units Square Feet
Lot Size Square Feet 49400
Carport Y/N N
Listing Terms See Remarks
Public Remarks Pleased to present the opportunity to acquire a Single-Tenant NNN Zips Drive-In with over 14 years remaining on the lease. The property features 3% annual rent escalations beginning in 2030 providing
Structure Type Retail
Building Area Units Square Feet
Standard Status Active
Property Style 75 - Retail
Cap Rate 6.5
See more
Interior
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type See Remarks
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Exterior
Water Source See Remarks
Total Parking 0
Building Area Total 0
Lot Size Acres 1.1341
Irrigation Water Rights Y/N N
See more
Internal Only
OriginalMLSID NWM2444574
Street Number 1 12421
See more
* Excluded Features
List By
Kevin G. Verger

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$13,725
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,725
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2025$2,200,000 Listed Price

Map


See all

12421 W Sunset Highway, Airway Heights, WA, 99001 is a Commercial Property for sale at $2,200,000 with a lot size of 1.1341. 12421 W Sunset Highway was built in 1987. The property's zip code is 99001 which is in Airway Heights, WA