Leased Retail Restaurant
For Sale
Contact for pricing
Pending
5307 Ballard Ave NW, Seattle, WA 98107
Fully leased 10,889 SF retail asset with three restaurant operators on Ballard Avenue under NNN leases.
Property Size10,889 SF
Days on Market131
Property Features for 5307 Ballard Ave NW
General Information
Standard status
Pending
Size
10,889 SF
Property subtype
Retail
Zoning
NC2P-65
Occupancy
100%
Lease Type
NNN
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
5.8%
Building Details
Year Built
1900
Year Renovated
2009
Tenancy
Multi
Listing Agency:
James Tjoa & Associates
Listed By:
James Tjoa · License #WA
(206) 726-6230
Source:
Crexi
Added: Apr 28
Changed: Aug 8
Last Checked: Jul 24 at 10:39AM
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
