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$1,920,000 Just Listed
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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.
Full Property Details
Full Property Details for 12421 W Sunset Hwy
General
- Price: $1,920,000
- Status: Active
- Type: Retail
- Source: NWMLS
- MLS ID: 2510789
- Updated: 4/22/2026
- Added to Site: 4 day(s) ago
Location
- Area: 561 - Spokane County
- County: Spokane
- Subdivision: Airway Heights
- Driving Directions: Use your Smartphone Maps App.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Sewer: Available
- Water: See Remarks
Structural Information
- Structure Type: Retail
- Year Built: 1987
Lot Features
- Lot Size (Acres): 1.1341
- Lot Size (Sq. Ft.): 49,400
- Lot Size Source: Public Records
- Zoning: Retail
Financial Considerations
- Terms: See Remarks
Disclosures and Reports
- Special Conditions: None
- Property ID: 15261.0027
Listed by Kevin G. Verger | Kidder Mathews | (360) 705-2800
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Schools
Schools serving 12421 W Sunset Hwy
School District:Cheney School District
| Name | Grades | Distance |
|---|---|---|
Phil Snowdon Elementary 6323 South Holly Road, Cheney, WA 99004 | PK-5 | 4 mi |
Cheney Middle School 740 West Betz Road, Cheney, WA 99004 | 6-8 | 9.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12421 W Sunset Hwy
Date
Details
Price
Change
Source
4/21/2026
Listed
$1,920,000
147.74%
MLS
9/01/2009
Sold
$775,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12421 W Sunset Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,288
—
$978,100
1%
2025
$10,288
65%
$964,900
21%
2023
$6,254
-7%
$795,100
17%
2022
$6,697
7%
$680,300
—
2023
$6,254
-14%
$680,300
—
2021
$7,290
—
$680,100
17%
2021
$7,290
12%
$580,000
3%
2020
$6,533
6%
$561,200
2%
2019
$6,190
-13%
$552,800
—
2018
$7,148
7%
$553,500
-22%
2017
$6,674
-15%
$707,100
—
2016
$7,820
-2%
$705,400
1%
2015
$8,003
2%
$697,200
—
2014
$7,860
—
$695,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12421 W Sunset Hwy
12421 W Sunset Highway, Airway Heights, WA 99001 (MLS# 2510789) is a Retail property. 12421 W Sunset Highway is currently listed for $1,920,000 and was received on April 21, 2026. Want to learn more about 12421 W Sunset Highway? Do you have questions about finding other Retail real estate for sale in Airway Heights? You can browse all Airway Heights real estate or contact a Coldwell Banker agent to request more information.

