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The Terminal at Ballard 2 Retail Properties in Seattle, WA
INVESTMENT HIGHLIGHTS
- Grocery-anchored by H Mart with Amazon-backed lease through 2038 and extension options to 2048.
- Located in Seattle’s trendy Ballard neighborhood with a Walk Score of 94 and strong tech adjacency.
- 100% leased or under LOI to national tenants including Habit Burger, Mattress Firm, and AT&T.
- Surrounded by over 1,500 new or planned multifamily units, supporting long-term retail demand.
EXECUTIVE SUMMARY
Positioned in the heart of Seattle’s vibrant Ballard neighborhood, The Terminal at Ballard is a premier grocery-anchored retail center offering long-term income security and exceptional tenant credit. Anchored by H Mart under a sublease from Amazon Retail LLC (S&P: AA), the property benefits from fortress-level credit and a triple-net lease structure extending through 2038, with options to 2048. The 38,490 SF center is 100% leased or under LOI to a curated mix of national tenants including The Habit Burger Grill, Mattress Firm, AT&T, and F45 Training. The surrounding Ballard community is one of Seattle’s most dynamic and rapidly densifying neighborhoods, with over 600 new multifamily units delivered recently and nearly 900 more in the pipeline. The property boasts a Walk Score of 94 and is within minutes of major tech campuses like Google and Adobe. Demographics are equally compelling, with average household incomes exceeding $195,000 within a 1-mile radius and projected to grow over 15% by 2029. With minimal capital expenditure needs, a streamlined tenant roster of just seven occupants, and a location along two high-traffic corridors (Ballard Bridge and Leary Way NW), The Terminal at Ballard offers investors a rare opportunity to acquire a recession-resilient, high-credit asset in one of Seattle’s most desirable submarkets.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 38,490 SF |
| Number of Properties | 2 | Total Land Area | 2.50 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 38,490 SF |
| Total Land Area | 2.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 907 NW Ballard Way, Seattle, WA 98107 | Retail | 24,989 SF | 2016 | - |
| 907 NW Ballard Way, Seattle, WA 98107 | Retail | 13,501 SF | 2016 | - |
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