Leased Retail Restaurant
5307 Ballard Ave NW Seattle, WA 98107
5307 Ballard Ave NW, Seattle, WA, 98107
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For Sale
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Fully leased 10,889 SF retail asset with three restaurant operators on Ballard Avenue under NNN leases.
Property Size10,889 SF
Price / SF$711.73
Days on Market86
Property Features for 5307 Ballard Ave NW
General Information
- Standard status
- Active
- Size
- 10,889 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing agency
James Tjoa & Associates
(206) 726-6230
Listed by
James Tjoa · License #WA
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 9:11AM Checked: Jul 22 at 9:11AM
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 James Tjoa & Associates
Investment Insights
Based on property information with market context.
This fully leased 10,889 SF retail property is anchored by three restaurant operators: Sabine Café, Gracia, and Radiator Whiskey. The tenant mix includes custom and modern build-outs, and the asset is positioned under long-term NNN lease structures.
Located along Ballard Avenue in Seattle, the property is intended for investors seeking stabilized, tenant-backed occupancy along an active dining and retail corridor.
Ownership has implemented significant structural and building system upgrades, including an approximately $700K seismic retrofit with moment frames. The offering also notes fully modernized utilities (electrical and plumbing), new water mains, and a replaced roof system (installed in 2009 with updates in 2025), along with targeted foundation improvements. Tenants are responsible for operating expenses, and the property is described as being in excellent condition. The remarks project a 5.8% cap rate for the fully leased asset.
Located along Ballard Avenue in Seattle, the property is intended for investors seeking stabilized, tenant-backed occupancy along an active dining and retail corridor.
Ownership has implemented significant structural and building system upgrades, including an approximately $700K seismic retrofit with moment frames. The offering also notes fully modernized utilities (electrical and plumbing), new water mains, and a replaced roof system (installed in 2009 with updates in 2025), along with targeted foundation improvements. Tenants are responsible for operating expenses, and the property is described as being in excellent condition. The remarks project a 5.8% cap rate for the fully leased asset.
Key Highlights
- Fully leased 10,889 SF retail property anchored by Sabine Café, Gracia, and Radiator Whiskey
- 5.8% cap rate with long‑term NNN leases and tenants responsible for all operating expenses
- Seismic upgrade includes an approximately $700K seismic retrofit with moment frames
Property Analytics
Location Intelligence
Current Use by Public Records
Back Bar Private ...
Restaurant
Sabine Café & Bar
Restaurant
Sabine
Restaurant
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FAQs
What type of property is this?
Retail space - Fully leased 10,889 SF retail asset with three restaurant operators on Ballard Avenue under NNN leases.
Where is this retail space located?
The property is located at 5307 Ballard Ave NW Seattle, WA.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Fully leased 10,889 SF retail property anchored by Sabine Café, Gracia, and Radiator Whiskey; 5.8% cap rate with long‑term NNN leases and tenants responsible for all operating expenses; Seismic upgrade includes an approximately $700K seismic retrofit with moment frames
