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QFC Trilogy - Bldg B 23515 NE Novelty Hill Rd 1,855 SF of Retail Space Available in Redmond, WA 98053
Highlights
- High-visibility endcap with premium frontage adjacent to QFC anchor
- Affluent demographic base with average household income of $280,059 within 3 miles
- Convenient access to major tech employers: Microsoft, Meta, Nintendo, and SpaceX
- Strong daily needs synergy in a thriving residential community
- Excellent co-tenancy including Starbucks, MOD Pizza, McDonald’s, and Swedish Medical
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B 201 | 1,855 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $64,925 /YR $5,410 /MO | Triple Net (NNN) |
1st Floor, Ste B 201
Position your business at The Village at Redmond Ridge, an established daily-needs shopping center anchored by QFC and surrounded by one of Redmond’s most affluent and highly educated communities. This 1,855 SF rare endcap space delivers unmatched visibility and steady traffic, situated directly adjacent to QFC—the center’s dominant traffic generator. The property benefits from strong co-tenancy with national and regional brands including Starbucks, McDonald’s, MOD Pizza, Wells Fargo, and Swedish Medical. Located along NE Novelty Hill Road, the center serves a growing residential base with average household incomes exceeding $280,000 within three miles, creating significant retail and service demand. Tenants will enjoy synergy from a vibrant mix of dining, retail, medical, and personal services, as well as convenient access to major tech corridors that house Microsoft, Meta, and other global employers. Surrounded by dense housing and recreational amenities like The Golf Club at Redmond Ridge, this location offers a stable, repeat customer base and long-term growth opportunity.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- High-visibility endcap with premium frontage
- Average household income is $280059 within 3 miles
- Excellent co-tenancy including Starbucks
- Convenient access to major tech employers
- Adjacent to QFC anchor
- Thriving residential community nearby
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at QFC Trilogy - Bldg B
- Tenant
- Description
- US Locations
- Reach
- Luigi's
- Restaurant
- 1
- Local
- Ridge Cleaners
- Cleaners
- 1
- Local
- Starbucks
- Coffee
- 21,641
- International
- Verizon
- Wireless Communications
- 7,885
- International
- Victra
- Wireless Communications
- 1,874
- National
- Village Dentistry
- MD/DDS
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Luigi's | Restaurant | 1 | Local |
| Ridge Cleaners | Cleaners | 1 | Local |
| Starbucks | Coffee | 21,641 | International |
| Verizon | Wireless Communications | 7,885 | International |
| Victra | Wireless Communications | 1,874 | National |
| Village Dentistry | MD/DDS | 1 | Local |
Property Facts
| Total Space Available | 1,855 SF | Total Land Area | 3.32 AC |
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Storefront | Parking Ratio | 5.12/1,000 SF |
| Gross Leasable Area | 19,532 SF |
| Total Space Available | 1,855 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 19,532 SF |
| Total Land Area | 3.32 AC |
| Year Built | 2005 |
| Parking Ratio | 5.12/1,000 SF |
About the Property
The property is positioned within The Village at Redmond Ridge, adjacent to NE Novelty Hill Road in Redmond, WA. It is part of a grocery-anchored retail center with multiple national and regional tenants. The surrounding trade area includes single-family developments, multifamily communities, schools, and recreational amenities. The location is in close proximity to Microsoft, Meta, and other technology firms within Redmond and the greater Eastside region. The site plan offers a mix of retail, dining, financial services, fitness, and healthcare uses.
- Pylon Sign
- Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Contact the Leasing Agent
QFC Trilogy - Bldg B | 23515 NE Novelty Hill Rd