5307 & 5313 Ballard Ave NW Retail FOR SALE


Seattle, WA - Ballard
$7,750,000 USD
206-226-2800
, Seattle, WA for Sale
$7,750,000 USD
Retail - FOR SALE
1/13
null | 5.8% Cap Rate

5307 & 5313 Ballard Ave NW
Seattle, WA
Ballard


HIGHLIGHTS

  • — 10,889 SF fully leased retail property on Ballard Avenue, one of Seattle's top dining/retail corridors.
  • — Three established restaurant operators (Sabine Café, Gracia, Radiator Whiskey) on long-term NNN leases, meaning they cover all operating expenses.
  • — 5.8% cap rate with stable, passive income and no landlord expense obligations.
  • — Trophy-grade build-outs, notably Sabine's flagship custom interior with significant tenant investment. Building is in excellent condition.
  • — Rare chance to acquire a turnkey, income-producing asset in a coveted, high-foot-traffic neighborhood with strong fundamentals.
  • — Extensively upgraded asset featuring a ~$700K seismic retrofit, new electrical and plumbing systems, new water mains, roof replacement, and a rein

OVERVIEW

Fully leased 10,889 SF retail asset anchored by three highly regarded restaurant operators — Sabine Café, Gracia, and Radiator Whiskey — prominently located along the heart of Ballard Avenue, one of Seattle’s most vibrant and sought-after dining and retail corridors.? This trophy investment offers a 5.8% cap rate with long-term, NNN leases in place, providing stable, passive income backed by strong, established tenants.? The property benefits from exceptional build-outs, including a flagship, high-end custom interior at Sabine with significant tenant investment, while Gracia and Radiator Whiskey feature modern, well-appointed spaces that further elevate the asset’s overall quality.? Situated in a dynamic, high-foot-traffic neighborhood known for its blend of historic charm and upscale retail, the property is surrounded by some of Seattle’s best restaurants, boutiques, and nightlife, reinforcing its position as a premier destination.? Ownership has invested heavily in structural and system upgrades, highlighted by a ~$700K seismic retrofit with moment frames. The property also benefits from fully modernized utilities (electrical and plumbing), new water mains, a replaced roof system (2009, with 2025 updates), and targeted foundation improvements—substantially reducing near-term capital risk. With tenants responsible for all operating expenses and the building in excellent condition, this offering represents a rare opportunity to acquire a turnkey, best-in-class retail asset in one of Seattle’s most coveted submarkets.

ASK ABOUT THIS PROPERTY

James TjoaRE/MAX Metro Realty, Inc.More Info
206-226-2800

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James TjoaRE/MAX Metro Realty, Inc.More Info
206-226-2800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.