Property Details

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. 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.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. 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.